Ethereum
$ 1,195.48 1.27%
Solana
$ 40.57 0.77%
Dogecoin
$ 0.066177 1.70%
ApeCoin
$ 4.35 3.42%
Bitcoin
$ 21,150.00 0.47%
BNB
$ 234.26 2.39%

600,000 Barca fan token sold out within 2 hours

football

A popular Spanish football club, FC Barcelona witnessed a successful sale of its fan token dubbed BAR token, yesterday. Despite delays in the token sale, about 600,000 Barca fan tokens were completely sold out, in a very short time. This is probably the fastest token sale. 

Barca fan token sale experience massive participation

The sales of Barca fan token was conducted on the token platforms Socios and Chiliz. At the price of €2 for each, a total of 600,000 BAR token was sold across both platforms. Interestingly, the Barca fan token sale attracted massive participation, so that the entire token was accumulated within two hours.

While commenting on the development, Alexandre Dreyfus, the CEO of token platforms mentioned that Chiliz and Socios recorded a significant increase amid the Barca fan token sales. Precisely, he admitted that they witnessed a high demand, which is five times more than their average.

Dreyfus went on to say that the Barca token sale was unexpectedly quick, and it saw participation from about 106 countries. In its intensive period, the flash sale garnered $777,000 within two minutes, according to the CEO. Overall, a total of €1.2 million was reportedly raised from the sale. 

BAR token sale goes live tomorrow

In the use case of a BAR token, Dreyfus added:

Fans can then immediately use their $BAR to vote in the first club poll on Socios.com, to choose an inspirational piece of fan-designed artwork to go inside the sacred dressing room at the Camp Nou.

Meanwhile, the Barcelona fans will be provided with another opportunity to buy their token by tomorrow. Reportedly, the Barce fan token sale will go live again on the same platforms. However, the price for the tokens is likely to vary, in line with the demand.

Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Cryptocurrency Investments To Make in a Bearish Market - Shiba Inu (SHIB), Dogecoin (DOGE), and RoboApe (RBA)
Monero Price Prediction 2022-2031: Is XMR Price Going Higher?
Polkadot price analysis: DOT price will break above the closest resistance level found at $ 9 over the weekend
Shiba Inu price analysis: SHIB expected to stay bullish for the next 24 hours

Follow Us

Industry News

Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon
Uphold announces restriction of Venezuelan users