BAR meaning in Cryptocurrency ?

Answer:

To find out even more about this project, check out our deep dive of FC Barcelona Fan Token.

What are Fan tokens?

Fan Tokens allow fans across multiple sports verticals to exercise their share of influence within their favourite teams/leagues/clubs. Through Socios.com, fans empowered to participate in certain club decisions, for example, choosing a goal celebration song in a football stadium, choosing which fighters should go head to head in MMA and more. Thanks to Fan Tokens, holders receive access to once in a lifetime experiences such as player meet and greets, training day events & much much more.

The growing list of partnerships launching their Fan Tokens on the Socios.com platform include some of the biggest sporting organizations in the world such as FC Barcelona, Inter Milan, AC Milan, Manchester City, UFC, ROUSH Fenway Racing, Aston Martin, just to name a few.

How do Fan tokens work?

Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain that serves as the digital currency for the Chiliz and Socios.com platform. In launching their platform, alongside other sports blockchain ventures, a new category of token has emerged — the Fan Token. Once onboard the Socios.com platform, yet to-be-announced club partners host what has been called a Fan Token Offering (FTO). Fans must purchase $CHZ via a cryptocurrency exchange in order to acquire Fan Tokens. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership.

What is Chiliz Chain?

Fan Tokens are minted on an EVM compatiable permissioned sidechain called Chiliz Chain. Chiliz Chain does not currently require any transaction fee, making the sending and receiving of Fan Tokens fast and inexpensive.

Chiliz have future plans to upgrade the Chiliz Chain to position themselves as a leader in sports blockchain space, potentially making way for the minting of NFTs, staking & much more.

About FC Barcelona

Established in 1897, Juventus FC has become a powerhouse in both Serie A and international comFutbol Club Barcelona, commonly referred to as Barcelona and colloquially known as Barça, is a Spanish professional football club based in Barcelona, Spain, that competes in La Liga, the top flight of Spanish football. Founded in 1899 by a group of Swiss, Spanish, German and English footballers led by Joan Gamper, the club has become a symbol of Catalan culture and Catalanism, hence the motto "Més que un club" ("More than a club"). Unlike many other football clubs, the supporters own and operate Barcelona.

Domestically, Barcelona has won a record 75 trophies: 26 La Liga, 31 Copa del Rey, thirteen Supercopa de España, three Copa Eva Duarte, and two Copa de la Liga titles, as well as being the record holder for the latter four competitions. In international club football, the club has won twenty European and worldwide titles: five UEFA Champions League titles, a record four UEFA Cup Winners' Cups, a joint record five UEFA Super Cups, a record three Inter-Cities Fairs Cups, and three FIFA Club World Cups.

Barcelona was ranked first in the International Federation of Football History & Statistics Club World Ranking for 1997, 2009, 2011, 2012, and 2015 and as of 2021, occupies the fourth position on the UEFA club rankings. petition. As of 2020, the club boasts 50 domestic and 11 international titles. The 2 time UEFA Champions League winners – a twin highlight of their many accolades – have a reputation for aggressive expansion and growth, as well as being a consistent threat on the pitch season in and season out.

reference

Full Form	Category
Binary Analysis Research	Academic & Science
Bachelor of Arts in Religion	Academic & Science
British Accreditation Registry	Academic & Science
British Accreditation Research	Academic & Science
Bogus Architectural Rift	Academic & Science
Baker Island (ak)	Airport Code
Body of lawyers	Associations & Organizations
British Accredidation Registry	Business
Barra Resources, LTD.	Business
Bar and Restaurant	Business
Brown And Root	Business
British Association of Removers	Community
Broadcast Advertisers Report	Community
Board Agenda Request	Community
Base Address Register	Computing
Billing Adjustment Request	Computing
Broker Archive	Computing
Backbone Access Router	Computing
Backward Adaptive Re-Encoding	Computing
Bandwidth Allocation Request	Computing
dBASE Application Generator horizontal BAR menu object file	Computing
Hierocoin	Cryptocurrency
FC Barcelona Fan Token	Cryptocurrency
Unix Bar Archive Compressed File Archive	File Type
Horizontal Bar Menu Object File (dbase Application Generator)	File Type
Beer & Alcohol Room	General
Bigger Add Replace	General
Buy A Rum	General
Beverage Alcohol for Restaurants	General
Beverage Alcohol Resource	General
Beware Alcohol Run	General
Bleed Air Regulator	General
Beer & Alcohol Room	General
Beer and Alcohol Room	General
Bar & Alcohol Room	General
Bureau of Automotive Repair	General
Barometric Pressure Solenoid	General
Bay Area Roadsters	General
Belfort Auto Retro	General
Barchetta	General
Black Angel And Reynolds	General
Bobcats Assume Responsibility	General
Barrister (Bar Exam)	Governmental
Be Always Ready	Governmental
Bringing About Reform	Governmental
BAR	Indian Railway Station
Biblioteca Academiei Române	International
Biblioteca Academiei Rom?e	International
Barbiturates	Medical
Bright, Alert, and Responsive	Medical
Body Alarm Reaction	Medical
Beyond All Recognition	Messaging
Best Available Rate	Messaging
Browning Automatic Riffle	Military and Defence
Beyond All Repair	Military and Defence
Browning Automatic Rifle	Military and Defence
Browning Automatic Rifleman	Military and Defence
Broadband Access Router	Networking
British Accredited Registry	Regional
FC Bayern Munich	Sports
British American Racing	Sports