Using Socios-native BAR tokens

Similar to PSG and JUV, FC Barcelona’s BAR tokens were built on Chiliz’s Proof of Authority Ethereum-based blockchain as ERC-20 tokens, with the organizations acting as chain validators, Dreyfus explained.

Users cannot, however, transfer these assets to their own wallets and exchanges, as is the case with other digital assets.

At this stage, Barca tokens will be only available on and, our exclusive crypto exchange for sports and entertainment tokens to be launched in Q1, Dreyfus said. Over time, we will open a bit more to strategic partners who want to grow the ecosystem, he added. Our priority is to validate the model toward fans and users.

Socios plans to enable “casual trading” sometime near the end of Q1 or beginning of Q2 this year, Dreyfus clarified, adding that — a cryptocurrency exchange exclusively for sports and entertainment tokens announced earlier this year — offers a more trader-centric atmosphere.

(Sources FC Barcelona, Explorer.Chiliz, Cointelegraph, Forbes)

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