# (ROIS) Club Tokens

The club's tokens are non-transferrable **ERC20s** that represent the ownership cap table of the investment club, and they can be used for snapshot voting, coordination, on-chain governance, and much more.

For **ETH-based** clubs, the number of club tokens created is proportionate to the amount of funds deposited into the club **(i.e., 1:10,000 ratio of ETH : Club tokens).** 

For **ERC20-based** clubs, the number of club tokens created is equal to the amount of funds deposited into the club **(i.e., 1:1 ratio of ERC-20 : Club tokens).**