The world football giant Barcelona and Blockchain company Chiliz collaborated, removed the BAR, the Barcelona Fan Token, and was subject to intense attention. Barcelona Fan Token (BAR) is now open for trading today after its supply.
The BAR was put up for sale the day before, with 600,000 units, and had the most attention from the Turks. While each BAR was sold at a price of 2 euros, Turks constituted the biggest share in the buyer's phase. This amount allocated for the token sale was exhausted in less than two hours. Moreover, it did not take even two minutes to sell 385,000 BARs. More than 4000 participants from 106 countries participated in the sale.
An FTO was held for the first time on the Chiliz Stock Exchange. The launch of the cryptocurrency represents a big move for the club. Barcelona has a global fan base of approximately 360 million people.
Other fan tokens listed on the Chiliz stock exchange include Juventus (JUV $), Galatasaray (GAL $), Paris Saint-Germain (PSG $) and Esports club OG ($ OG). F.C. Barcelona Trade Area President Josep Pont expressed his joy earlier this year.
Prices have increased to about 6!
As of today, the price of the token listed with the BAR / CHZ trading pair has climbed to 976 CHZ. This equates to approximately 11 euros with the current CHZ exchange rate! It is clear that this increase gives BAR owners who buy at the bottom price the opportunity to sell with approximately 600 percent profit. BAR, which started to decline later, dropped to around 500 CHZ in the minutes when the news went live. The price is still around 200 percent above the supply price.
Although only about an hour has passed since the BAR was opened, $ 2 million has been traded so far.