The official Barca token already made a big splash during its flash presale. Today, trading went live, and millions of dollars are flowing.
The official FC Barcelona fan token offered by Chiliz’s Ethereum-based Socios.com tokenization platform sold through its entire pre-sale allotment in less than two hours earlier this week, ahead of its proper on-sale debut today.
Chiliz offered 600,000 $BAR fan tokens at a fixed price of €2 ($2.25) apiece, with the pre-sale window planned to last up to 48 hours. However, the entire supply sold out in less than two hours, raising €1.2 million ($1.35 million)—including some $777,000 within two minutes. According to a release, demand outstripped pre-sale supply by 5x.
Read on:
https://decrypt.co/33412/barcelona-fan-token-2-million-one-day-trading