The FC Barcelona Fan Token (ACM) is a utility program that provides FC Barcelona fans with a tokenized impact share on club decisions through the use of the Socios application and services.
What is the FC Barcelona Fan Token (BAR)?
Tokens are assets that can often represent proof of ownership and even membership. Since tokens are already used for a wide variety of purposes, many private blockchains have been developed with the native intention of supporting tokens, the most common of which are currently Ethereum and its ERC standard tokens. Socios.com is an application for football fans, where users can influence the clubs they support by purchasing club-specific Fan tokens and obtaining voting rights.
On the other hand, a token serves as a membership key, allowing users to compete for special rewards, club recognition, and more. BAR token holders can vote through smart contracts in “fan decision” polls published by FC Barcelona. Token holders can interact with the Socios platform (voting in polls, competing in contests and quizzes, connecting/chatting with like-minded users, etc.) and win rewards.
FC Barcelona Fan Token holders gain numerous advantages such as voting in season-long exclusive polls, being part of the FC Barcelona community, obtaining free FC Barcelona Fan Tokens, winning FREE match tickets at certain games, access to guided tours and exclusive areas, pre-match field experience, meet and greets with teams and player experiences, and access to signed official merchandise.
On the other hand, Chiliz is an ERC-20 utility token that serves as a digital currency for the chiliZ and Socios.com platform on the Ethereum Blockchain. With the launch of Socios, a new category of token known as the Fan Token emerged alongside other sports Blockchain initiatives. After entering the Socios.com platform, club partners host a service called Fan Token Offering (FTO). Fans must purchase CHZ through a cryptocurrency exchange to acquire Fan Tokens. These club or team-specific tokens provide access to an encrypted voting ledger and membership rights ownership.
BAR Coin Review
The FC Barcelona Fan Token (BAR), particularly appealing to football fans, seems to have gained popularity recently. Additionally, it seems to be attracting attention because it allows football fans to interact more easily with the club.
At this point, it may be useful to look at the current figures of the FC Barcelona Fan Token. As of the time this article was written, according to CoinMarketCap data, the FC Barcelona Fan Token is ranked 433rd with a value of $42,779,199. It’s also worth noting that the FC Barcelona Fan Token, trading against the dollar at $14.50, has a 24-hour trading volume of $2,752,152.
Trading against Bitcoin at 0.0004256 BTC, the BAR Coin reached its lowest level on June 24 at $2.52, while it set a record on April 21, 2021, at $79.26. Currently, there are 2,950,964 BAR in circulation, and it is stated that the maximum number of BAR is 40,000,000.
How to Purchase FC Barcelona Fan Token?
The FC Barcelona Fan Token can be purchased quickly and securely via Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To purchase the FC Barcelona Fan Token, one must first register with Binance and then send fiat currency. Following the transfer of a fiat currency such as dollars, Bitcoin (BTC), Tether (USDT), and BUSD can be purchased and used to buy BAR in the BAR trading pair.
Additionally, on Binance, users can place orders to buy at not just the market value but at a lower value. This can be done by using the Limit tab, where you simply enter the amount and the price you wish to buy at.
