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A Football Fan Token Finally Gets Huge Trading Volume Growth

News • 2020/06/25 • by Remitano

FC Barcelona is one of the most popular football clubs in the world. The Spanish club has attracted millions of fans from all over the world due to its impressive playstyle and famous players such as Leo Messi. For this reason, Chilliz (CHZ) who’s trying to help football clubs create their own crypto fan tokens, decided to partner with FC Barcelona to create BAR - which is FC Barcelona official fan token.

The good news is that the BAR token has been growing in terms of popularity. It has over $2.5 million worth of trade volume recently, which is now the second-highest volume on Chiliz trading platform - only bested by BTC/USDT.

BAR token was sold out within less than 120 minutes a few days ago after Chiliz issued 600,000 BAR tokens on Ethereum. Chiliz claimed that $777K worth of BAR tokens was successfully bought by Barcelona fans and people who believe that the token would be worth more in the future.

For those that are curious about the use cases of BAR tokens, the token would allow Barca fans to influence the football club decision making. Not only that, but the tokens would also offer real-life rewards such as VIP seats in FC Barcelona matches.