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FC Barcelona to Issue Tokens for Blockchain-Based Fan Platform

FC Barcelona to Issue Tokens for Blockchain-Based Fan Platform

The world’s most popular football club Barcelona, also refer to Barca, has teamed up with Chiliz, a blockchain-based sports and entertainment company to issue tokens known as Barça Fan Tokens ($BAR).

Barça Fan Tokens are expected to roll out in the second quarter of this year. 40 million Barça Fan Token will be made available, with each of them costing €2 at the initial point of sale.

The token will let holders vote on a variety of decisions about the team such as what music to play in the stadium when the team scores a goal. The idea is to let supporters around the world participate in the club.

“We are really proud to launch the Barca token on the Chiliz blockchain platform. This is the ultimate goal and the best confirmation of our long term vision about fan engagement and monetization.”

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Alexandre Dreyfus, CEO and Founder of Chiliz and Socios

In addition, Barca fans who engage with the club via Chiliz’s app will get rewarded with points that supporters can swap with merchandises and Barca unique experiences.

Good news to Barca fans as they can purchase the tokens through Fan Token Offering (FTOTM). Furthermore, Barça supporters can earn the $BARs using $CHZ, Chiliz’s native token, which is available on different virtual currency exchanges.

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