What is FC Barcelona Fan Token (BAR)?

What is FC Barcelona Fan Token (BAR)?

Fan Token (BAR) was created through an exciting collaboration between FC Barcelona and Chiliz, a leading global provider of blockchain financial technology for sports and entertainment. Fan tokens are a great investment because they never expire, and they give you the power to vote in polls and participate in quizzes and contests on the Socios.com app. This amazing sports fan engagement platform was developed by Chiliz and built on the Chiliz Chain.

What makes FC Barcelona Fan Token (BAR) Unique?

To be a part of the club and have a say in its decisions, as well as participate in Fan Rewards contests, you need to possess at least one BAR token. However, the weight of your vote depends on the number of tokens you possess, and some activities may require multiple tokens.

Token holders are entitled to some benefits, such as VIP access to the Camp Nou home stadium, the opportunity to meet famous football legends, attend autograph sessions, and receive signed items and team merchandise.

Barça leverages Socios.com to get closer to fans and receive their opinions through polls. BAR holders can vote only once, but if a user has 10 tokens, then his vote will be counted as 10. To maintain fair results, polls are limited to a certain amount of tokens, which is established by the club itself.

The Socios platform also has a bonus system, so BAR holders enjoy VIP access to all home league, cup and European matches.

What is the BAR Token?

This token is a unique way for fans to get involved with their favorite club, providing them with a tokenized share of influence in the life of the team. The launch of BAR in June 2020 was a huge success, bringing the community closer together and attracting a global audience by making it easier to interact with the soccer team.

BAR offers its owners the right to participate in surveys related to the activities of FC Barcelona, ​​plus the opportunity to earn unique prizes. Token holders vote using a smart contract, and FC Barcelona must take into account the outcome of the poll and implement the results. Fan Tokens serve as a membership that allows users to compete for exclusive rewards and team recognition, including match tickets, exclusive fan experiences, Socios.com bonuses, club NFTs, and digital badges. BAR even allows members to purchase VIP goods/services and gain access to rare collectible items. Users can also stake BAR for NFT rewards and gain access to the gamified utility.

How is the FC Barcelona Fan Token Network Secured?

Chiliz operates on smart contract technology and uses the Ethereum blockchain, as well as a proprietary crowd control mechanism. This ensures that fans can participate in publicly audited polls while being in a secure environment. The CHZ token, which is an ERC-20 and BEP2 token, has been audited by Certik.