Having made a name for himself with his partnerships in the sports world, Chiliz found his new partner. The platform, which has partnered with many sports clubs and developed the fan token project, became the new partner Atletico Madrid football club. It has been announced that fans of token holders can access many privileges such as buying tickets and winning awards.
The infrastructure of the ATM is an ERC-20 based crypto currency and works with the Chiliz infrastructure. Chiliz can be defined as the supporting token of this network. Fan tokens are "utility tokens", also known as service tokens.
Like every fan token, its biggest purpose is to strengthen the bond between the club and the fans and give direction. Both the club has a new earning channel with these investments, and the fans can have a say on some issues in the club with the tokens they receive. They even get access to VIP privileges.
ATM is not a mined cryptocurrency. However, it is possible to win ATMs with prize hunts and games.