SL Benfica Fan Token
BENFICA
Evaluation Score
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Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
BENFICA (SL Benfica Fan Token) is an official fan token issued on the Chiliz blockchain via Socios.com. Across all functional dimensions, the project reflects severe stagnation and functional dormancy. Development and community engagement are effectively dormant, with no binding club polls or official club social media updates regarding the token since January 2024, and Socios no longer appearing as a partner on SL Benfica's official website. Tokenomics are highly centralized, with the non-circulating majority retained by Socios without public unlock schedules, while emissions continue to exert persistent sell pressure against negligible demand. The token has experienced a ~97% price drawdown from its May 2025 all-time high, currently trading with thin liquidity and a market cap below $1 million. While Team & Governance and Security records remain clean of hacks, exploits, or regulatory actions, the lack of third-party smart contract audits, absent governance decentralization, and structural counterparty dependence on Socios.com leave the asset with high fundamental risk and deteriorating utility.
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 SL Benfica Fan Token (BENFICA)
BENFICA (SL Benfica Fan Token) is the official fan engagement token for the Portuguese football club S.L. Benfica, issued on the Chiliz blockchain via the Socios.com platform by Swiss-registered Fan Token Management AG. It operates as a digital utility token intended to grant holders access to club-related promotional rewards, fan experiences, and non-binding voting polls within the Socios mobile application. The asset has a fixed maximum supply of 20,000,000 tokens, with circulating supply estimates ranging between 7 million and 8.4 million.
Governance and token administration are centralized within the Socios platform, without a decentralized autonomous organization (DAO), on-chain governance, or treasury control. The non-circulating majority of the supply is retained by Socios without a publicly verifiable vesting schedule. Over time, core fan engagement mechanisms have largely stalled; the project has recorded no binding club polls or official club social media updates regarding the token since January 2024, and Socios is no longer listed as an official partner on SL Benfica's website.
While the token has no history of hacks, exploits, or regulatory enforcement actions, it also lacks any published third-party smart contract audits. BENFICA has suffered severe market drawdowns, including a rapid drop of over 60% within five days from its all-time high of $3.45 in May 2025 down to $1.30, followed by an extended decline of approximately 97% to roughly $0.094 by mid-2026. The token continues to trade with thin liquidity, a market capitalization below $1 million, and persistent selling pressure from ongoing monthly distributions amidst functional utility stagnation.