Atletico De Madrid Fan Token

Halal Rating :
Comfortable
Last Price $1.93 Last updated:
Rank 1106
1D Change -2.40 %
Market Cap $10.37m
Circulating supply 5,374,788
Maximum supply None

Crypto Overview

Categories
  • Sports
  • Fan Token
  • Binance Launchpool
  • Soccer

Overview and Intended Utility

Atletico De Madrid Fan Token (ATM) is a fan engagement token created in partnership with Socios.com and Chiliz blockchain. The token is designed to give fans of Atletico De Madrid football club voting rights and exclusive access to club-related decisions, rewards, and experiences.

Business Model Analysis

The token operates on a fan engagement model where holders can participate in polls affecting club decisions, access VIP experiences, and receive exclusive merchandise. The business model is transparent and does not involve any inherently prohibited activities under Islamic law.

Real World Adoption

The token has demonstrated genuine utility through various club polls and fan engagement activities. Atletico De Madrid regularly conducts polls where token holders can vote on matters such as jersey designs, celebration songs, and other club-related decisions. The token maintains active trading volume on major cryptocurrency exchanges.

Token Distribution and Governance

The token distribution is managed through the Socios.com platform, with a significant portion reserved for fan engagement activities. The club maintains some token holdings for operational purposes, but the distribution model is transparent and publicly available. New tokens are only minted through Fan Token Offerings (FTOs) with clear pricing and allocation mechanisms.

Technical Implementation

ATM tokens are built on the Chiliz blockchain, a proof-of-authority network specifically designed for sports and entertainment tokens. The technical implementation is sound and does not involve interest-bearing mechanisms or gambling features.

Crypto Impact

To assign a comfort level investing in Atletico De Madrid Fan Token from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Atletico De Madrid Fan Token.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating