FC BARCELONA ($BAR) FAN TOKEN RISES BY 200% IN FIRST 5 MINS OF TRADING ON CHILIZ.NET
- $BAR Began Trading At 13:00 CEST Today (24.06) On Chiliz.Net Hitting $1M Volume In 6 Minutes.
- $BAR Is Now Trading At Around $6.60 With A Market Cap Of $6.6M USD.
- Current Trading Price Can Be Viewed Here
- $BAR Was Available At A Flat Price Of €2 In A 48-Hour Flash Sale On Monday (22.06) That Ended In Less Than 2 Hours With 600,000 Sold Across 106 Countries And $1.3M Generated
MALTA, 24th June 2020: Chiliz (Binance: $CHZ), the leading blockchain fintech provider for sports and entertainment, has announced that the FC Barcelona ($BAR) Fan Token rose in price by 200% in the first 5 minutes of trading on Chiliz.net. Also known as the Chiliz Exchange, Chiliz.net allows sports fans and crypto enthusiasts to trade digital assets from globally recognized sporting organizations.
Trading volume for $BAR hit $1M in the first 6 minutes. Demand during the flash sale of 600,000 $BAR, which took place on fan voting and rewards app Socios.com and Chiliz.net on Monday, exceeded supply five times over ($6M). $BAR is now trading at around $6.60 (515 $CHZ).
$BAR joins Fan Tokens for other world-leading sporting organisations on Chiliz.net. The Juventus ($JUV) Fan Token was the first to list on the platform and is now trading at around $7.33 having initially been sold at €2 during the Fan Token Offering on Socios.com.
Fan Tokens for Galatasaray ($GAL), Paris Saint Germain ($PSG), AS Roma ($ASR), Atlético de Madrid ($ATM) and esports team OG ($OG) have all seen significant price rises since listing on the exchange in recent weeks. In addition, Chiliz are in active conversations with major sporting organizations and rights holders around the world, with as many as 50 more Fan Tokens set to list on the exchange.
Trading for all Tokens on Chiliz.net is paired against Chiliz $CHZ — the leading digital currency for sports & entertainment.
Alexandre Dreyfus, CEO & Founder of Chiliz & Socios.com said: “The excitement among sports fans and crypto enthusiasts for the $BAR Fan Token has been unprecedented and amazing to witness.
“$BAR has the power to be a major driving force for the Chiliz Exchange, powering the new narrative that is building around the trading of tokenised sports organisations in crypto, sports, business and finance circles.
“I look forward to watching interest and participation in this exciting new class of digital asset trading continue to grow as many more Fan Tokens from globally recognised sports brands list on the exchange.”
Chiliz has undergone a remarkable period of growth since raising $60m+ through private placement in 2018. The company now has 65+ team members, spanning 24 different nationalities, and across multiple disciplines. Chiliz.net is initially available in seven different languages, including Korean, Chinese, Japanese, Vietnamese, Thai, Turkish and English.
-ENDS-
For Further Information:
Chiliz / Socios.com
Andrew Clarke — Global PR Manager
For more information please visit www.socios.com
Notes to editor:
About Chiliz
Chiliz ($CHZ) is a digital currency for sports and entertainment platforms. It fuels the world’s first scalable, tokenized voting platform, Socios.com where fans can buy, trade and execute voting rights in their favorite sports teams. The Chiliz project has raised $66 million from some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital, and Ceyuan Ventures. Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2012. In January 2020, Chiliz announced the launch of Chiliz.net, a first-of-its-kind mobile and desktop crypto exchange for sports and entertainment assets.
About Socios.com
Socios.com helps sport entities achieve digital transformation through blockchain technology. Socios.com is powered by the Chiliz token ($CHZ), both an ERC20 utility token on the Ethereum blockchain and BEP-2 token on Binance Chain. Fan Tokens are specific to a team or a club, and are a finite, digital asset that provides access to an encrypted, immutable ledger of voting and membership rights ownership. The tokenized fan-voting platform uses Fan Tokens, which operate on a separate permissioned side chain. The Fan Tokens are limited in number, and are fungible, meaning their ownership can be traded, and their price is driven by the market. The venture was inspired by the fan-led management frameworks or ‘socios’ of some major football clubs. Dubbed ‘Socios 2.0’, the platform simply represents the digitisation of this model of management.
