Soccer Club To Launch A Barcelona ($BAR) Fan Token Sale on 22 June

12593556_10205735480657537_3835976740831778163_o
Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • On June 22, 2020, FC Barcelona, a worldwide famous soccer club, is launching a crypto token Barcelona ($BAR) Fan Token 48-hour flash sale.
  • However, the sale is going to commence at 1 pm on Monday.
  • Fans will be offered 1 million $BAR, which will be sold on, first-served base.

On June 22, 2020, FC Barcelona, a worldwide famous soccer club, is launching a crypto token Barcelona ($BAR) Fan Token 48 hour flash sale in association with bitcoin platform Chiliz.

FTO will distribute the tokens

Advertisement


However, the sale is going to commence at 1 pm on Monday. It was estimated that around 500,000 $BAR fan tokens would be seen on the Chiliz exchange and the Socios.com app. The moment the flash sales closes, the market will be open for $BAR token trading.

Initially, the $BAR token will be distributed by an FTO (Fan Token Offering), which will cost €2. Fans will be offered 1 million $BAR, which will be sold on, first-served base. Further, the majority of the earnings will go to the club.

Moreover, the accessibility of $BAR Fan Tokens during the FTO will be constrained. As it is quite often with other significant club launches for merchandise, tickets, and so on.

To help this new Flash Sale design, Socios have removed the 90-day lock. That will apply from today and retroactively to every single other token.

Token holders can vote in many polls

The club is assuring the token holders that they can vote in several polls each season on Socios.com. Also, they can gain rewards connected to the club. Including creative digital experiences and real-life activations, for example, the opportunity to meet players before a game, or to watch a match live at the Camp Nou as a VIP visitor.

The CEO and Founder of Chiliz and Socios.com, Alexandre Dreyfus, stated with FC Barcelona’s tremendous worldwide fanbase, the company anticipates that this should be our greatest and best FTO. They are outperforming the volume of tokens sold by other partners.

Hot News

Bitcoin Cash [BCH] Bullish Breakout Seems Real: Indicators Suggests

Bitcoin, the largest cryptocurrency in the world and - by proxy - cryptocurrency market, has witnessed bursts of volatility. Bitcoin Cash’s price has...

Goldman Sachs Contemplate to Launch Crypto Stablecoin

Mathew McDermot, global head of digital assets is currently leading the team at Goldman Sachs responsible for the development of this stablecoin. Stablecoin...

Ripple CEO Brad Garlinghouse Bats For Cryptocurrencies, Opines Governments Are Taking It Seriously

Brad Garlinghouse believes that cryptocurrencies are emerging as a stable and trusted alternative to in fiat currencies. The coin market has witnessed a...

Iran Permits Licensed Bitcoin Miners to Start Operations to Boost Crypto Market

The Iranian government has issued 1,000 plus licenses for cryptocurrency mining as of January. Iran will also provide an exemption of 47% on the...

Ex Goldman Sach Employee Raoul Pal Roots for Bitcoin As Only Asset Worth Owning

  Former Goldman Sach Raoul Pal suggests that Bitcoin is his choice of cryptocurrency for long-term asset allocation. Palis also working on repositioning his...

Top 5 Types of Cryptocurrencies and Their Profit Trends in 2020

A complete lowdown on the cryptocurrencies you should invest in 2020 for high returns. Trading of Bitcoin, Ethereum, and other cryptocurrencies witnessed a surge at...

Partners

RELATED NEWS

Bitcoin Cash [BCH] Bullish Breakout Seems Real: Indicators Suggests

Bitcoin, the largest cryptocurrency in the world and - by proxy - cryptocurrency...

Goldman Sachs Contemplate to Launch Crypto Stablecoin

Mathew McDermot, global head of digital assets is currently leading the team at...

Ripple CEO Brad Garlinghouse Bats For Cryptocurrencies, Opines Governments...

Brad Garlinghouse believes that cryptocurrencies are emerging as a stable and trusted alternative...