Atletico de Madrid Fan Token (ATM) is based on Chiliz Chain's Atletico Madrid fan token.Atletico Madrid fan token (ATM) is a functional token that provides fans of Atletico Madrid Football Club ("Atletico Madrid") with tokenized shares to participate in club decision-making through the use of Socios applications and services.Socios is a blockchain based fan interaction and reward platform supported by Chiliz for the sports and entertainment industries.ATM is a functional token built on the Chiliz Chain (a Proof of Authority side chain based on Ethereum). ATM is mainly used for the following purposes:Governance: ATM holders can vote on various binding "fan decisions" released by Atletico Madrid through smart contracts.Rewards: ATM holders can participate in activities on Socios to receive rewards.Token Mortgage: In the future, ATMs can be mortgaged to earn Non Homogeneous Token (NFT) rewards.
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