Atletico De Madrid Fan Token

Atletico De Madrid Fan Token (ATM) is a digital asset that signifies proof of ownership or membership for fans of the Atletico De Madrid football club. It is a type of Fan Token, a new category of token that came into existence in the blockchain space. The ATM Fan Token is specific to Atletico De Madrid and provides access to an encrypted ledger of voting and membership rights ownership. It is part of the Socios.com platform, which seeks to engage football fans by giving them voting rights to influence the clubs they support. The ATM Fan Token is an ERC20 utility token on the Ethereum blockchain, powered by the Chiliz ($CHZ) digital currency.

The Atletico De Madrid Fan Token operates within the Socios.com platform. To acquire Fan Tokens, fans must first purchase Chiliz ($CHZ), the digital currency for the Socios.com platform, which can be exchanged for Fan Tokens. These tokens are finite digital assets that provide access to voting and membership rights. The weight of a fan's vote is determined by the number of Fan Tokens they own. For instance, if a fan owns 10 Fan Tokens, their vote will count as 10. Once acquired, these tokens do not expire and can be used repeatedly for voting and participating in Fan Rewards.

The Atletico De Madrid Fan Token aims to provide fans with a unique platform to influence and engage with the team. It allows fans to vote on official club decisions, such as the design of the team's official scarf or the design of the team bus for a particular season. The token also provides fans with access to VIP experiences, official products, and more. Fans can earn Fan Rewards by participating in quizzes, games, and club decisions on the Socios.com App. These rewards range from signed memorabilia to watching a match with a club legend or flying with the team to an away match.

The Atletico De Madrid Fan Token is part of a new category of tokens that came into existence with the initiation of the Socios.com platform. This platform was developed to engage football fans and give them a voice in the clubs they support. The Atletico De Madrid football club, formed in 1903 and known for its 10 La Liga titles and 10 Copa del Rey titles, adopted this approach to fan engagement. The club has a history of challenging traditional practices in football, and the introduction of the ATM Fan Token is a reflection of this approach.