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    A Texas woman is wanted for the alleged murder of an elite cyclist who had a relationship with her boyfriend, authorities say

    A Texas woman is wanted for the alleged murder of an elite cyclist who had a relationship with her boyfriend, authorities say

    Warriors vs. Mavericks score, takeaways: Stephen Curry helps lead Golden State to 3-0 lead over Dallas

    Warriors vs. Mavericks score, takeaways: Stephen Curry helps lead Golden State to 3-0 lead over Dallas

    Girl fatally shot in Wells called “the light of everyone’s life”

    Girl fatally shot in Wells called “the light of everyone’s life”

    D.C.-area forecast: A steamy Sunday with hefty afternoon storms likely

    D.C.-area forecast: A steamy Sunday with hefty afternoon storms likely

    Ukraine rules out ceasefire as fighting intensifies in Donbas

    Ukraine rules out ceasefire as fighting intensifies in Donbas

    Severe Thunderstorm Warning issued for parts of the Miami Valley; Flood advisory issued for some – WHIO TV 7 and WHIO Radio

    Severe Thunderstorm Warning issued for parts of the Miami Valley; Flood advisory issued for some – WHIO TV 7 and WHIO Radio

    Australia election results: Labor leader Anthony Albanese will be the country’s next Prime Minister

    Australia election results: Labor leader Anthony Albanese will be the country’s next Prime Minister

    Live updates: Russia’s war in Ukraine

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    Federal judge blocks Biden administration from lifting Title 42 for now

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    THE DAY I LEARNED TO STOP HATING LAPTOP DJS

    HOW MALE MODELS GET SUPER RICH IN A FEMALE-DOMINATED INDUSTRY

    WHAT IS LIKE TO WORK AS A SUPER MODEL

    HOW TAYLOR SWIFT HELPED ME LOSE 425 LBS

    LIFETIME UNVEILS FIRST LOOK OF FULLHOUSE MOVIE

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    Emma Chamberlain's Best Style Moments on Instagram – L'Officiel USA

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    Biggest 2022 Red Carpet Fashion Trends Poll

    Outfits from Kourtney Kardashian’s Italian wedding weekend

    Outfits from Kourtney Kardashian’s Italian wedding weekend

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    The Best Clear Bags For Concerts That Won’t Ruin Your Outfit

    Favorite Fictional Boy Bands, From Turning Red to Bob’s Burgers

    Favorite Fictional Boy Bands, From Turning Red to Bob’s Burgers

    Julia Fox’s most outrageous outfits including the infamous clawed hand

    Julia Fox’s most outrageous outfits including the infamous clawed hand

    The Minimalist’s Guide to Y2K Style for Summer

    The Minimalist’s Guide to Y2K Style for Summer

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    Scrunchies Market 2022 to Showing Impressive Growth by | [No. of pages: 124] Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

    Scrunchies Market 2022 to Showing Impressive Growth by | [No. of pages: 124] Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

    Scrunchies Market 2022 to Showing Impressive Growth by |

    Scrunchies Market 2022 to Showing Impressive Growth by |

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    Global Hair Scrunchies Market Overview, Experiments, Evolution, Key Players And Forecast Until 2028 – ManufactureLink

    Global Hair Scrunchies Market Overview, Experiments, Evolution, Key Players And Forecast Until 2028 – ManufactureLink

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    Scrunchies Market by Covid-19 Impact, Competitive Landscape, SWOT Analysis, Opportunities and Challenges, Growth by 2022-2028 – ManufactureLink

    This $12 Pack of Scrunchies on Amazon Can Hide Cash, Lip Balm & More

    This $12 Pack of Scrunchies on Amazon Can Hide Cash, Lip Balm & More

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    These $5 Hair Tie Bundles Have Customers Ditching Their Scrunchies Because They Don’t Dent Your Hair

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FC Barcelona’s Crypto-based Fan Token

Editorial Team by Editorial Team
June 24, 2020
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As another example of crypto tokens going mainstream, team Barcelona sold 1.2 million euro worth of fan tokens in less than two hours. The 600,000 tokens were sold at a fixed price of 2 euro, and are tradeable on Socios.com and Chiliz.net. The crypto tokens, called $BAR, provide fans various types of engagement with the team.

The fan tokens were sold through Socios.com via the Chiliz blockchain. The price going forward will vary depending on market demand. Given that the initial sale was oversubscribed by almost 5x, it seems likely the price will rise.

The Fan Tokens allow token holders to influence their teams via popular vote and become eligible for engagement-based team rewards (e.g., watching games as a VIP guest in club hospitality and meeting players) and recognition (such as appearing via video link on the LED boards at the stadium during a match).

Other features to come include a leaderboard feature, where fans will receive rewards points based on how they interact with their teams through the app will be launched in the near future, allowing fans to compete to become the number 1 fan in their country. A Chat feature and Games will also be launched on Socios.com in the coming months

The Fan Tokens use a common fungible token standard known as an ERC-20 token. They are minted using the Chiliz blockchain and all on-platform voting is executed as a series of smart contracts that run through the Chiliz blockchain.

This is not the first Fan Token. Other Fan Tokens are listed on the Chiliz exchange including ones for other sports clubs such as Galatasaray ($GAL), Paris Saint-Germain ($PSG), and the Esports club, OG ($OG). Another batch of $BAR tokens is set to be released June 24, 2020.

Slowly but surely the mainstream use of blockchain technology and crypto tokens is increasing. As more organizations demonstrate the successful use cases for these technologies more companies will jump on board.

Copyright © 2020, Sheppard Mullin Richter & Hampton LLP.

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