FC Barcelona Fan Token (BAR) is a utility token operating on the Chiliz Chain, offering Barcelona fans the ability to vote on club decisions, earn rewards, and stake their tokens for future NFT rewards. With a total supply of 40 million, BAR was initially distributed to fans with 600,000 tokens, while the remaining tokens are retained by Barcelona. BAR enables fans to connect with the club in innovative and interactive ways through the Socios platform. In this article, you will find answers to two frequently asked questions: What is FC Barcelona Fan Token (BAR) and how to buy FC Barcelona Fan Token (BAR) with TRY.
What is FC Barcelona Fan Token (BAR)?
FC Barcelona Fan Token is a unique utility token created to offer Barcelona Football Club fans a tokenized influence on club decisions. Operating on the Chiliz Chain, a Proof of Authority side chain built on Ethereum, BAR allows fans to interact with the club in new and innovative ways through the Socios app and services.
One of the main uses of BAR token is participation in governance. BAR holders can participate in various club decisions by voting in binding “fan decision” polls. These polls are published by Barcelona, and fans can cast their votes through smart contracts, having a direct say in specific club activities and elections. This democratic approach empowers fans, making them feel more connected and involved in the club’s activities.
In addition to participating in governance, BAR holders are eligible to earn rewards through their participation on the Socios platform. Fans can accumulate rewards by participating in events and interacting with the community, enhancing their overall fan experience. These rewards may include exclusive merchandise, match day experiences, or other fan-centric benefits.
Looking ahead, BAR will also offer staking opportunities. Fans can stake their BAR tokens to earn NFT rewards. This feature provides additional value to token holders, encouraging long-term participation and interaction with the Barcelona community.
The total supply of BAR tokens is limited to 40 million. Initially, 600,000 tokens were distributed to club fans through a Fan Token Offering. The remaining tokens are retained by Barcelona and can be obtained by participating in community activities or purchasing directly from various exchanges. This structured distribution ensures a broad and fair spread of tokens among the club’s fans.
FC Barcelona Fan Token (BAR) represents a significant step in modernizing fan engagement for one of the world’s most popular football clubs. By leveraging blockchain technology, BAR creates a transparent, secure, and interactive platform for fans to connect with their club. This innovative approach not only enhances the fan experience but also aligns with the growing trend of digital transformation in sports.
How to Buy FC Barcelona Fan Token (BAR) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy FC Barcelona Fan Token (BAR). On Binance TR, where accounts can be created quickly, more than 100 cryptocurrencies, including BAR, can be traded. To buy FC Barcelona Fan Token (BAR) with TRY on Binance TR, follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. You need to go to trbinance.com and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identification number.
After entering the requested information completely and correctly, email/SMS verification will be performed to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be performed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone for identity verification from the website as well.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, you can continue by tapping on the “Upload Front” option. After taking a photo of the front side of the document according to the selected document type, tap on the “Upload Back” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and that the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure that your face fills the camera area as much as possible after the camera opens.
After completing all these steps correctly and completely, your identity verification process will be completed in a short time.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed within EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank does not yet have Binance TR integration, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now all you need to do is use the information displayed on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet in your Binance TR account.
How to Buy BAR Coin with TL on Binance TR?
After depositing money, you can proceed to the step of buying BAR coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the following page will open. By typing “BAR” in the search section on the right side of this page and clicking on the BAR/TRY option from the results, you can go to the TL to BAR purchase page.
Now the following BAR trading page will open. On this page, in the red-marked area, you need to enter the price at which you want to buy BAR in the first box and the number of BAR you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy BAR” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR in 2020 for cryptocurrency investors in Turkey. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers trading services from fiat to cryptocurrency and from cryptocurrency to cryptocurrency by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs through Binance TR.
Users are supported by Binance’s core functions, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
