Spanish Soccer Team FC Barcelona Token Sold Out in 2 Hours
FC Barcelona
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June 25, 2020
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Barcelona FC's Fan token (BAR), which allows the team's fans to take part in surveys in order to make some decisions, has sold out just 2 hours after being put on sale.

The token, which has been issued by the club's blockchain partner Chiliz, has been sold at a fixed price of $2.25 on the platform.

The Ethereum-based token reportedly generated more than $2.5M in trading volume the day after it was sold, while the volume reached $1.3M the day it was launched.

As a result, the token has become the second most traded token on Chiliz's trading platform just behind BTC/USDT.

FC Barcelona's Fan Token, of which 600,000 units have been issued, sold out in less than two hours on June 22.

According to FC Barcelona's official site, the first survey in which token holders can participate will allow them to choose the design of a new mural that will decorate the first team's locker room.

iHodl reported back in February the team planned to launch its own token.

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