The Spanish giants boast one of the best-selling football tokens in the cryptocurrency market.
Several European clubs have started investing in digital assets lately. Some elite teams have gone as far as to build stadiums in Metaverse, while others have preferred to stick to the well-known tools to participate in the fast-growing market.
Fan tokens are one of the most popular digital assets in the crypto market, with Barcelona offering one of the most purchased coins in the market.
What is Barcelona Fan Token?
Fan tokens are cryptocurrencies that permit their holders to access a variety of different fan-related perks. The nature of these privileges varies with clubs.
Barcelona fan token (BAR) gives the club’s fans a tokenized share of influence on club decisions. The token allows fans to compete for exclusive awards, take part in club decisions, etc.
Fan decision polls are available for token holders on an app called Socios, which belongs to the company that provides a platform for launching and trading the tokens.
How much should I pay to buy BAR?
By the time of writing this, BAR is priced at $8.16. The fan token went from $4.7 to $9.7 in only four days (111%) earlier this month. However, a general downtrend in the market has prevented BAR from continuing its rise in recent days.
Based on data from Coinmarketcap, BAR has the fifth-largest market cap compared to other fan tokens. With a market cap of $32.3M, only Lazio, PSG, Manchester City, and Alpine F1 have larger shares of the fan-token market than BAR.
Where can I buy BAR?
Similar to other cryptocurrencies, users can exchange fan tokens on trading platforms. Each coin has a specific value that changes based on its supply and demand.
BAR is one of the fan tokens located on the Chiliz (CHZ) blockchain. This means you must purchase CHZ via a crypto exchange in order to get your Barcelona fan tokens.
You can find CHZ on these platforms:
What other clubs have Fan Tokens?
Socios have launched over 50 fan tokens on the CHZ blockchain. Their list includes a variety of different clubs, from elite European teams such as Manchester City and Barcelona to smaller clubs like Dinamo Zagreb and Galatasaray.
Binance has focused more on Formula 1 and other sports. However, their Lazio and Porto coins are already frontrunners in the fan-token market.
Based on data from Coinmarketcap, the Alpine F1 Team coin is the fan token with the highest market cap. Paris Saint-Germain, Manchester City, Lazio, Porto, and Barcelona fan tokens closely follow the Formula 1 team.
Be sure not to miss out on the latest news about La Liga
Download our brand new App and follow your favorite players, clubs, and much more
