Crypto-rush: $BAR fan tokens sold out in 2 hours. Barca to issue new release tomorrow

June 23 – It took just 120 seconds for the Barcelona blockchain fan tokens to sell out on the Chiliz Exchange yesterday, raising $777,000.

The Socios.com fan tokens are the closest thing to cybercurrency that the football business operates and the $BAR fan tokens are the fastest sell out of an initial club token launch.  600,000 tokens were issued at €2 each across the Socios.com and Chiliz.net.

Demand for the $BAR tokens was five times greater than the flash sale launch with $6 million deposited across the two platforms from punters in 106 different countries. The issue raised €1.2 million

Fans can go again tomorrow with the cryptocurrency exchange opening up for buyers of $BAR, though price will now be determined by the market.

While a tradeable ‘currency’ the fan tokens also give owners the opportunity to participate in club-specific polls and to win digital and real-life rewards via the socios.com app.

Socios.com Fan Tokens are also available for Juventus, Paris Saint-Germain, Atlético de Madrid, AS Roma, Galatasaray, and CA Independiente.

Alexandre Dreyfus, CEO & Founder of Chiliz & Socios.com said: “The response has been very positive and we’re looking forward to welcoming Barca’s passionate global support back when $BAR Fan Tokens go on sale again from Wednesday… The response to today’s (Monday’s) flash sale – which ended in less than 2 hours –  sends a clear message to the sporting world about the capacity for Fan Tokens to unlock the huge potential offered by global fan engagement.”

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