Fan Token 

    A fan token is a specialized token that represents specific sports teams on the Chiliz protocol. Chiliz’s all-in-one rewards-based mobile application, Socios, inspired the creation of Fan Tokens. Fan Tokens allow Socios users to vote on proposals involving specific sports teams, such as uniform design changes, team matchups, and more. Smart contracts that run on the Chiliz blockchain enable Socios voting. To obtain Fan Tokens, users must first purchase Chiliz (CHZ) tokens, which can then be exchanged for and against various Fan Tokens.