{"id":22531,"date":"2020-02-13T21:21:37","date_gmt":"2020-02-13T20:21:37","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=22531"},"modified":"2020-02-13T21:21:37","modified_gmt":"2020-02-13T20:21:37","slug":"football-club-barcelona-partners-with-blockchain-based-sports-platform-chiliz-to-issue-its-own-digital-token","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/football-club-barcelona-partners-with-blockchain-based-sports-platform-chiliz-to-issue-its-own-digital-token\/","title":{"rendered":"Football Club Barcelona Partners With Blockchain-Based Sports Platform Chiliz to Issue Its Own Digital Token"},"content":{"rendered":"
FC Barcelona, a famous Spanish professional football team, has partnered with a blockchain-based sports and fan engagement platform <\/span>Chiliz<\/span><\/a><\/strong> to issue its own digital token \u2018Barca Fan Token\u2019<\/strong>.<\/span><\/p>\n Barcelona announced the move in a <\/span>press release<\/span><\/a><\/strong> published on February 13. According to the press release, the partnership was officially announced at an event held at the Camp Nou Stadium attended by Josep Pont, Board of Directors Member and head of the Commercial Area of FC Barcelona, together with Alexandre Dreyfus, Chief Executive Officer of Chiliz, who was presented with the new FC Barcelona 19\/20 home jersey.<\/span><\/p>\n The club said that move is a part of Barca\u2019s new digital and commercial strategy that will enable the fans to interact with the club by using a digital token called Barca Fan Token (BAR). Chiliz will create the BAR tokens using<\/span> Chiliz\u2019s Proof of Authority Ethereum-based blockchain as ERC-20 tokens for use on its social mobile app called <\/span>Socios<\/span><\/a><\/strong>. <\/span><\/p>\n <\/p>\n Through Socios, fans will be able to participate in different surveys and polls about the everyday activities of the Club. In return, the fans will be rewarded for engaging with the club.<\/span><\/p>\n According to the details, 40 million Bar\u00e7a Fan Token will be made available in Q2 of 2020. Fans around the world will be able to purchase Barca Fan Tokens through an innovative process known as a Fan Token Offering (FTO) with each of them costing \u20ac2 at the initial point of sale. They can also purchase fan token using Socios native token Chiliz ($CHZ)<\/span><\/p>\n