Arsenal Fan Token
AFC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
AFC (Arsenal Fan Token) is a sports engagement utility token launched on Chiliz/Socios.com in partnership with Arsenal Football Club. The project scores moderately in Active Development (6.0/10) and Security (6.0/10) due to expansion efforts (such as bridging to Solana and Base in 2026), underlying Chiliz Chain audits by Halborn, and an absence of security exploits or protocol hacks. However, the token faces substantial structural challenges: Tokenomics (4.5/10) and Market & Use Case (3.5/10) reflect severe supply centralization (Socios Technologies AG holding a large majority without disclosed vesting), thin liquidity (1.65% liquidity-to-market-cap ratio), and low organic utility beyond low-stakes club polling. Community Support (4.0/10) and Team & Governance (5.5/10) are constrained by an issuer-dominated app ecosystem, the absence of decentralized governance, and a historical UK Advertising Standards Authority (ASA) ruling regarding marketing practices. The weighted average score is 4.95/10 with no qualifying red-flag cap required.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Arsenal Fan Token (AFC)
Arsenal Fan Token (AFC) is a sports fan engagement utility token launched in August 2021 through a partnership between Arsenal Football Club, Chiliz, and Socios.com. Operating primarily on the Chiliz blockchain, with ecosystem expansions toward networks such as Solana and Base in May 2026, the token has a fixed maximum supply of 40,000,000 units. Its primary function is to facilitate fan participation via the Socios.com application, allowing holders to participate in issuer-driven weighted polls on club-related matters, access experiential rewards, and enter VIP promotions.
Governance and community interactions are mediated entirely through the centralized Socios platform rather than a decentralized autonomous organization (DAO) or on-chain governance forum. Voting rights are limited to low-stakes club decisions and do not grant influence over core club management. The token's distribution exhibits structural centralization, as roughly 40% to 95% of the initial supply was retained by issuer Socios Technologies AG without disclosed vesting schedules or lock-up periods. Market activity for AFC is characterized by thin liquidity, with trading volumes and demand largely tracking club performance and broader brand sentiment.
AFC has experienced significant market contraction, falling approximately 97% from its all-time high, alongside exchange risks such as a delisting on Toobit. In December 2021, the UK Advertising Standards Authority (ASA) issued a ruling against Arsenal FC's promotional campaigns for the token, determining that the advertisements were irresponsible and trivialized cryptocurrency investments; this decision was later upheld upon independent review. From a technical security perspective, while the underlying Chiliz Chain architecture has undergone audits by Halborn, the AFC smart contract itself lacks an independent third-party audit.