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What is SL Benfica Fan Token (BENFICA)?

Quick Facts

  • Symbol: BENFICA
  • Blockchain: Chiliz Chain
  • Issued by: Sport Lisboa e Benfica in partnership with Chiliz
  • Platform: Socios.com fan engagement app
  • Launched: July 2023 via a Fan Token Offering (FTO)
  • Club: SL Benfica, one of Portugal's most iconic football clubs
  • Currency for purchase: Chiliz (CHZ)

Introduction

The SL Benfica Fan Token (BENFICA) is the official digital fan token of Sport Lisboa e Benfica, one of Europe's most storied football clubs. Built on the Chiliz blockchain and distributed through the Socios.com platform, BENFICA tokens give supporters a direct, blockchain-powered channel to engage with their club.

SL Benfica became the first Portuguese football club to partner with Socios.com, marking a milestone for Web3 adoption in Portuguese sport.

History & Background

The partnership between SL Benfica and Chiliz was first announced in June 2022. The official BENFICA Fan Token was then launched in July 2023, with tokens made available through a Fan Token Offering (FTO) — a structured initial distribution at a fixed price.

To promote broad fan access, purchases were capped during the opening 24 hours. To mark the occasion, Chiliz gifted one BENFICA Fan Token to all registered Club Members, inviting the wider Benfica community into the Web3 ecosystem.

How SL Benfica Fan Token Works

BENFICA tokens operate on the Chiliz Chain, a blockchain purpose-built for sports and entertainment. Tokens are held in users' Socios.com wallets and purchased using CHZ, the native currency of the Chiliz ecosystem.

Holding even a single BENFICA token qualifies a fan to participate in Fan Polls and access club-specific features on the Socios.com app. The more tokens a holder owns, the greater their influence in votes.

Tokenomics

BENFICA tokens were initially distributed via a Fan Token Offering at a fixed price, with a limited allocation to ensure wide participation. The token's value is tied to its utility within the Socios.com platform — it is used for voting, earning loyalty points (XP), and unlocking rewards rather than for speculative financial purposes alone.

Users also accumulate SSU Loyalty Tokens through participation, which can be redeemed for a range of rewards within the app.

Circulating Supply ? 9.24 million BENFICA
Total supply ? 20.00 million BENFICA
Max supply ? 20.00 million BENFICA
Updated 22h ago

Ecosystem & Use Cases

BENFICA token holders gain access to a rich set of club benefits:

  • Voting rights in official Fan Polls on topics like kit designs, stadium songs, and squad decisions
  • Exclusive rewards such as autographed jerseys, VIP tickets, and matchday experiences
  • Discounts and promotions tied to club sponsors and official merchandise
  • NFT rewards and other unique digital collectibles
  • Access to once-in-a-lifetime experiences, such as travelling with the first team

Team, Governance & Community

The BENFICA Fan Token is a joint initiative of SL Benfica and Chiliz, the sports blockchain company founded by Alexandre Dreyfus. Chiliz provides the underlying infrastructure via the Chiliz Chain, while Socios.com serves as the consumer-facing platform.

Governance over fan-facing decisions is exercised through on-platform polls, where token holders vote on club matters. SL Benfica retains editorial control over which topics are put to a vote.

Advantages

  • Direct club engagement: Fans gain a real voice in club decisions through on-chain voting.
  • Exclusive access: Token holders can win VIP tickets, experiences, and signed merchandise.
  • Web3 infrastructure: Built on Chiliz Chain, a blockchain tailored to sports use cases.
  • Low barrier to entry: A single token is sufficient to vote and participate.
  • Global reach: Socios.com connects fans from over 167 countries.

Risks & Challenges

  • Utility dependency: Token value is closely tied to Socios.com platform activity and SL Benfica's engagement.
  • Regulatory landscape: Fan tokens face evolving regulatory scrutiny across different markets.
  • Market volatility: Like all crypto assets, BENFICA tokens can be subject to price fluctuations.
  • Platform concentration: The token's use cases are largely confined to the Socios.com ecosystem.

Long-Term Vision

The BENFICA Fan Token reflects a broader vision shared by Chiliz and SL Benfica — to build a next-generation fan engagement layer using blockchain technology. As Web3 adoption in professional sports grows, fan tokens like BENFICA are positioned to deepen the bond between clubs and their global supporter bases, offering increasingly personalised and rewarding experiences beyond the traditional matchday.

Frequently Asked Questions

The BENFICA Fan Token is the official digital token of SL Benfica, issued in partnership with Chiliz on the Socios.com platform. It gives fans voting rights in club polls and access to exclusive rewards and experiences.

BENFICA tokens are built on the Chiliz Chain, a blockchain specifically designed for the sports and entertainment industry. They are held and managed within the Socios.com app.

Fans can purchase BENFICA tokens through the Socios.com app using Chiliz (CHZ), the platform's in-app currency. Users simply top up their wallet with CHZ and exchange it for BENFICA tokens.

Holders can vote in official Fan Polls on topics such as official merchandise designs, in-stadium celebration songs, and other fan-related club decisions. Even holding one token is enough to participate in all polls.

Rewards include autographed jerseys, VIP matchday tickets, exclusive club experiences, discounts on official merchandise, and digital collectibles such as NFTs. Participation also earns XP points and SSU Loyalty Tokens.

Yes, SL Benfica became the first Portuguese football club to partner with Socios.com and launch an official fan token. The partnership was announced in 2022 and the token launched in July 2023.

Yes, while a single token grants voting access, holding more BENFICA tokens increases a fan's overall influence in club polls and may unlock additional benefits and rewards within the Socios.com platform.

Chiliz is the sports blockchain company that operates both the Chiliz Chain and the Socios.com platform. It provides the technical infrastructure behind the BENFICA Fan Token and facilitates the partnership with SL Benfica.