BAR(FC Barcelona Fan Token) Project Analysis-CoinW Institute
BAR(FC Barcelona Fan Token) Project Analysis
1、Institute Short Review
bar, the fan token of Spanish team Barcelona, previously reached an agreement with fan token issuance platform Socios.com to sell its media production company Barça Studios for $102 million. socios.com is the issuer of chz. And not long ago, Barcelona and Real Madrid filed a joint trademark application covering virtual reality games, virtual clothing, footwear, headwear, and cryptocurrency transaction management software. Barcelona’s Twitter followers are up to 43 million, and if the team slightly empowers its fan tokens, it will all greatly increase the value of its tokens. The Barcelona team is facing greater financial pressure this season and is in urgent need of a new growth point. Now that the World Cup is approaching, the team is expected to keep empowering its fan tokens, which is worth watching.
2、Recent breaking point
The World Cup is approaching; the team has a lot of stars; close connection with related fan token platforms
3、Project introduction
Barcelona Fan Token (BAR) is a functional token that provides fans of FC Barcelona (“Barcelona”) with a tokenized share of participation in club decisions through the use of socios applications and services.
4. Token role
The bar is mainly used in the following ways
Governance: bar holders can vote on various binding “fan decisions” issued by Barcelona through smart contracts.
Rewards: bar holders can participate in activities on Socios in order to receive rewards.
Token pledge: In the future, the bar can be pledged to earn non-homogenized tokens (NFT) rewards.
5、Token allocation
Total volume: 40 million pieces
Fan token issuance: 15%
Team holding: 85%
6、Project Outlook
The Spanish team Barcelona is a traditional European giants, but in recent years, it is in deep financial crisis because of poor management. In recent years, the team has been actively exploring to find new performance growth points, and blockchain is one of the directions they are extremely interested in. The team has not long ago conducted an in-depth cooperation with socios, the issuer of chz, and socios took a stake in Barcelona’s media production company for $102 million, which is highly likely to empower the fan tokens and increase their token value in the future, so it is worth looking forward to
Basic Information
Project Description
Token name: bar
Project website: https://fantoken.com/bar/
Block query: https://explorer.chiliz.com/address/0xECc000EBd318bee2a052EB174A71fAF2C3c9e898/transactions
Project Details.
The Barcelona Fan Token (BAR) is a functional token that provides fans of FC Barcelona (“Barcelona”) with a tokenized share of participation in the club’s decisions through the use of socios’ applications and services.
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