Atletico De Madrid Fan Token

Tokens typically serve as digital representations of ownership or membership. With tokens being utilized for a multitude of applications, various specialized blockchains have been created with the primary aim of supporting tokens. The most prominent among these is Ethereum, known for its ERC standard tokens. Socios.com is an app designed for football (soccer) enthusiasts, allowing users to influence their favorite clubs by purchasing club-specific Fan tokens, which grant them voting rights.

Chiliz ($CHZ) functions as an ERC20 utility token on the Ethereum blockchain, acting as the digital currency for both the chiliZ and Socios.com platforms. With the launch of these platforms, along with other sports-related blockchain projects, a new form of token has been introduced—the Fan Token. On the Socios.com platform, club partners, who are yet to be announced, engage in what is known as a Fan Token Offering (FTO). To obtain Fan Tokens, fans must first buy $CHZ through a cryptocurrency exchange. These tokens, which are unique to each team or club, are limited digital assets that offer holders an encrypted ledger featuring voting and membership rights.