Atlético de Madrid Fan Token

The Atlético de Madrid Fan Token (ATM) is a utility token designed for fans of the Atlético de Madrid football club. It is hosted on the Socios platform and allows token holders to influence club decisions, participate in fan polls, and access VIP experiences, among other benefits. The token aims to enhance fan engagement by leveraging blockchain technology to provide a transparent and secure voting mechanism.

• Total Supply:

• The total supply of ATM tokens is 10 million.

• Initial Allocation:

• During an augmented-reality Token Hunt event in January 2020, a little over 10% of the token supply was distributed to participants.

• Purpose:

• ATM tokens are used to engage fans by giving them voting rights on club decisions, access to exclusive rewards, and opportunities to participate in events and promotions.

As of today 24 November 2024, the price of Atlético de Madrid Fan Token is ₹182.26 INR, with a 24-hour trading volume of 2183228.8 USD. The market capitalization for Atlético de Madrid Fan Token is 11195521.15USD. The circulating supply is 5411787 Atlético de Madrid Fan Token, with the total supply also being 10000000 Atlético de Madrid Fan Token.

Pros:

• Fan Engagement:

• ATM tokens provide a novel way for fans to engage with the Atlético de Madrid club.

• Exclusive Access:

• Token holders can access VIP experiences and official products.

• Voting Rights:

• Fans can influence club decisions through secure blockchain-based voting.

• Rewards:

• Holders can earn rewards ranging from NFTs to real-world tickets and events.

• Community Growth:

• The token is used as a tool for marketing and community growth initiatives.

Cons:

• Limited Influence:

• The influence of token holders on club decisions may be perceived as trivial.

• Market Volatility:

• As with all cryptocurrencies, the price of ATM tokens can be highly volatile.

• Global vs. Local:

• The international sale of tokens could potentially upset local fans.

• Withdrawal Speed:

• There have been reports of slow withdrawal speeds on trading platforms.

• Complexity for Non-Crypto Users:

• The concept of fan tokens may be complex for traditional fans not familiar with cryptocurrency.

• Fan Loyalty:

• The token caters to a dedicated fan base, potentially ensuring consistent demand.

• Club Reputation:

• Atlético de Madrid is a well-established and internationally recognized football club.

• Innovative Fan Experience:

• The token offers a modern and innovative way for fans to interact with the club.

• Potential for Appreciation:

• As the platform and fan engagement grows, the value of the token may increase.

• Exclusive Rewards:

• The potential for unique rewards and experiences can make the token an attractive investment.

• Club-Specific Utility:

• The ATM token is specifically designed for Atlético de Madrid fans, offering targeted utility and experiences.

• Blockchain Voting:

• The use of blockchain technology ensures a transparent and secure voting process for fan decisions.

• Socios Platform Integration:

• The token is integrated with the Socios platform, which is a leading platform for fan engagement in sports.

• The ATM token addresses the need for increased fan engagement and participation in club-related decisions. It provides a modern solution that leverages blockchain technology, ensuring transparency and security in the voting process.

The Atlético de Madrid Fan Token (ATM) is a product of a partnership between Atlético de Madrid, a prominent Spanish football club, and the Socios.com platform. Socios.com is known for its work in enhancing fan engagement through blockchain technology, and it has partnered with various sports entities to create fan tokens. The team’s background combines expertise in sports management, fan engagement, and blockchain technology to develop and maintain the ATM token ecosystem.

The ATM Fan Token was issued in January 2020 at the Token Hunt event. Out of 10 million tokens, about 1.2 million ATM tokens were allocated to the club's fans.

• Volatility:

• Cryptocurrency markets are known for their volatility, which can lead to significant price fluctuations.

• Regulatory Risks:

• Changes in regulations surrounding cryptocurrencies and tokens could impact the token’s utility and value.

• Market Adoption:

• The success of the token is dependent on the adoption rate among fans and the broader market.

• Technological Risks:

• Issues with the blockchain platform or the Socios app could affect the functionality of the token.

• Competition:

• Other clubs or platforms may introduce similar or more appealing fan engagement tokens.

No whitepaper related to the token has been published yet.