The FC Barcelona Fan Token (BAR) is a digital asset created in collaboration between FC Barcelona and Chiliz. It serves as a utility token designed to provide fans with a tokenized share of influence in the life of their favourite club. By holding BAR tokens, fans can participate in official team polls, quizzes, and contests, while earning points for exclusive experiences and benefits.
FC Barcelona Fan Token operates on the Chiliz Chain, using a Proof of Authority (PoA) consensus mechanism. The token allows fans to engage with the club by voting in polls, participating in contests, and accessing special rewards through the Socios.com platform. Smart contracts manage these interactions, ensuring transparent and tamper-proof processes. The BAR token can be purchased with Chiliz ($CHZ), and it is available on Socios.com's application.
The potential use cases for the FC Barcelona Fan Token (BAR) include participating in club polls to influence decisions, earning rewards points for unique experiences, buying club merchandise and tickets, gaining VIP access to events, and strengthening fan identity and community. BAR tokens also act as a digital membership, providing exclusivity and new revenue streams for the team through digital fan engagement.
The FC Barcelona Fan Token (BAR) was launched in June 2020, following a partnership between FC Barcelona and Chiliz. The token debuted with a flash sale on Socios.com and has since been integrated into the platform for fan engagement. FC Barcelona Fan Token represents the team's innovative approach to fostering closer connections with its global fanbase by enabling digital interaction and influence in club decisions.