Within 24 hours of going live, FC Barcelona’s fan tokens generate massive trading interest

2020-6-25 15:59

Fan tokens offered during a flash sale on Monday was sold out in 2 hours, confirms trading platform Chiliz

Spanish soccer team FC Barcelona’s fan tokens (BAR) has reached almost $2.5 million in trading activity just one day after it was launched in partnership with blockchain firm Chiliz. The crypto asset is now the second-most traded asset on the Chiliz trading platform behind BTC/USDT. The trading volume is almost double the $1.3m generated in less than two hours during a flash sale earlier this week.

The fan token was released by the franchise to enable supporters to interact with the club via its app and reward points that can be swapped for merchandise and club experiences like VIP guest seating at matches. With over 300 million fans worldwide, FC Barcelona’s initiative will also allow fans to vote in polls and surveys on Chiliz’ mobile app, Socios.com. The use of blockchain technology is part of Barcelona’s global expansion strategy as it looks for more means to engage with fans remotely.

Within 24 hours of going live, BAR surged nearly 420% from $2.32 to a local high of $12.05. The fan token is currently trading at $6.25. Its pairing against Chiliz’s native token, CHZ, has produced five times the 24-hour trading volume than all other pairings on the platform. Chiliz has now collaborated with seven different soccer clubs to launch fan tokens.

On June 22, the fan tokens, offered at a fixed price of $2.25 was sold out in less than two hours to investors from 106 different countries. The 600,000 BAR tokens were issued via Chiliz’s Ethereum (ETH)-based Socios tokenization platform. Chiliz further confirmed that $777,000 worth of BAR were sold in less than 2 minutes asserting that the demand for the tokens significantly exceeded its initial supply.

“Football is a global game and support extends way beyond the stadium, city and country of the club. It’s a stat we’ve used often, but for the biggest clubs in the world 99.99% of their support is outside the stadium. The fact $BAR Fan Tokens were bought in 106 countries is a strong testament to this,” stated Alexandre Dreyfus, CEO and founder of Chiliz and Socios.com after the flash sale.

“Socios.com has been live for just over 6 months, but now fans are grasping the benefits of owning Fan Tokens and how we are able to deliver unprecedented opportunities for engagement with their clubs and unforgettable experiences”, Dreyfus added.

The popularity of the fan token has sent a clear message to the sporting world about the use of blockchain technology to unlock the huge potential offered by global fan engagement initiatives, he concluded.

The post Within 24 hours of going live, FC Barcelona’s fan tokens generate massive trading interest appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Fanfare (FAN) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Äîñòóïíî / Âñåãî 0 FAN

fan tokens trading massive interest within generate

fan tokens → Ðåçóëüòàòîâ: 30


Casinos Blockchain provides comprehensive analysis of crypto fan tokens & their future

Casinos Blockchain recently released important statistics about fan tokens, particularly those linked with the ongoing FIFA World Cup in Qatar. Socios is the leading platform for crypto fan tokens, coThe post Casinos Blockchain provides comprehensive analysis of crypto fan tokens & their future appeared first on AMBCrypto.

2022-12-15 09:45


Two Months before World Cup, Fan Tokens Soar on MEXC Exchange

Fan tokens of leading football clubs in Europe are ripping higher and outperforming the broader cryptocurrency market, according to details on September 5, 2022. Per statistics, fan tokens like $LAZIO, the fan token of Lazio football club in Italy, and $PSG of the Ligue 1 giant Paris Saint Germain, are defying gravity and have been posting double-digit gains in the last few trading sessions.

2022-9-8 12:55


Ôîòî:

Tron’s Justin Sun Says He Owns ‘A Lot Of XRP and Ethereum’, Predicts $100k For Bitcoin Before 2025

Tron founder Justin Sun isn’t just supportive of TRX tokens alone. Apparently, he is a fan of other digital assets as well, including the top three. Speaking in a recent interview with Julia Chatterley on CNN, Sun spoke in favor of all three, including Bitcoin (BTC), Ethereum (ETH), and XRP. Sun told Chatterley that he’s […]

2020-2-26 14:31


NBA’s Sacramento Kings Launch Non-Fungible Cryptocurrency Tokens to Boost Fan Participation

One of the oldest affiliate teams with cryptocurrency in the NBA, Sacramento Kings, announces the launch of their collectible tokens on October 16. The National Basketball Association (NBA) is witnessing a growing interest in the cryptocurrency space as multiple teams integrate cryptocurrency products to boost fans’ participation.

2019-10-17 19:18


NBA Denies Spencer Dinwiddie’s Attempt To Tokenize His Contract; It Violates Leagues C.B.A.

Spencer Dinwiddie, Brooklyn Nets player was informed that he will not be allowed to tokenize his contract as per the New York Times report. Dinwiddie earlier had shared his plans about creating a $D8 tokens offered by his company DREAM Fan Shares that would see the player sell a portion of his contract to accredited […]

2019-9-28 17:33


GaloCoin Crypto “Fan Tokens” Launches by Atletico Mineiro Futbol Team in Brazil

Cryptocurrency has evolved in many ways, with tokens being offered as methods of payment, as rewards in video games, and even as a government-sponsored token. However, in a more entertainment-based method, Atletico Mineiro has launched a “fan token” that they are calling GaloCoin, based on a CoinTelegraph Brazil report on December 14th. The coin is […]

2018-12-15 22:59


Bankex’s MovieCoin to Launch Movie.io For Blockchain HollyWood 2.0 Film Entertainment

MovieCoin Has Just Launched Movie.io To Create An Interactive Experience For The Fan Base On 26th June MovieCoin which is in Vancouver, British Colombia, a company that has been considered to be the leading next generation in the financial technology that has been designed to leverage on the blockchain technology plus the cryptographic tokens. It […]

2018-7-29 19:22