BAR/INR: Convert FC Barcelona Fan Token (BAR) to Indian Rupee (INR)

FC Barcelona Fan Token (BAR) is a utility token that was born out of a collaboration between FC Barcelona and Chiliz, a global blockchain financial technology provider for the sports and entertainment industry. The token is a digital asset that never expires and provides its holders with the ability to participate in polls, quizzes, and contests on the Socios.com app, a sports fan engagement platform developed by Chiliz. The BAR token aims to bring the community closer together and attract a global audience by facilitating interaction with the soccer team. It serves as a membership that allows users to compete for exclusive rewards and team recognition, including match tickets, exclusive fan experiences, Socios.com bonuses, club NFTs, and digital badges.

The BAR token operates on the Chiliz blockchain, a Proof-of-Authority (PoA) sidechain built on Ethereum. Token holders can vote in polls related to FC Barcelona's activities using a smart contract, and the club is obliged to consider the poll results. The weight of a holder's vote depends on the number of tokens they possess, and some activities may require more than one token. The Socios platform also has a bonus system, providing BAR holders with VIP access to all home league, cup, and European matches. Users can stake BAR for NFT rewards and gain access to gamified utility.

The FC Barcelona Fan Token offers several potential use cases. It serves as a governance tool, allowing FC Barcelona to upload polls that BAR holders can vote on through smart contracts using the Socios.com application and services. The token can also be staked for NFT rewards. Additionally, BAR holders can participate in club quizzes, games, and surveys on the Socios.com app to earn rewards. The token also provides access to VIP experiences, official club products, and exclusive content.

The BAR token was launched on June 22, 2020, through the Chiliz platform, in cooperation with Socios.com. Chiliz provides sports and entertainment organizations with a blockchain-based toolkit to attract, grow, and monetize their audience. The platform was built from scratch on the Chiliz blockchain and uses CHZ as the main currency. Alexandre Dreyfus, CEO of Chiliz and Socios.com, has over 20 years of digital experience and has founded several successful online projects. The maximum supply of BAR is 40,000,000 coins, and as of January 2022, there are 3,551,855.00 $BAR in circulation, which is 9% of the total supply.