Napoli Fan Token
NAP
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Napoli Fan Token (NAP) is an official club-affiliated fan token issued on the Chiliz Chain via Socios.com. Across all sections, the project exhibits significant structural and market weaknesses. Development activity is minimal, receiving an investment warning from Upbit for declining developer activity, token concentration, and high volatility. Community governance is entirely centralized with engagement limited to club-curated app polls rather than decentralized decision-making. From a tokenomics and market standpoint, NAP suffers from an unreleased supply overhang (~40% non-circulating), an opaque vesting schedule, thin liquidity (daily volumes under $250K), a micro-cap of ~$1.3M, and a severe ~98% drawdown from its all-time high. Security is weak due to an absence of dedicated smart contract audits, zero insurance, and zero bug bounty programs, though no protocol hacks, exploits, or regulatory enforcements were identified. The overall score of 3.65 is the exact weighted average across all evaluated dimensions.
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 Napoli Fan Token (NAP)
Napoli Fan Token (NAP) is the official club-affiliated utility token for the Italian football club S.S.C. Napoli, launched on October 26, 2021, in partnership with Socios.com and Fan Token Management AG. The token operates on the Chiliz Chain and maintains a token presence on Ethereum as an ERC-20 token. Its primary function is to provide supporters with platform-mediated engagement features, including participation in binding and non-binding club-curated polls, access to rewards, and promotional fan experiences through the Socios application.
The token has a fixed maximum supply of approximately 10 million tokens. Governance is centralized within the club and the platform issuer, functioning through licensed corporate agreements rather than a decentralized autonomous organization (DAO) or on-chain governance framework. The token does not incorporate native deflationary mechanisms or yield-generating utilities, and its use case remains strictly tied to club-directed fan activities.
NAP carries several structural, security, and market risks. The token has experienced a severe price crash of approximately 98% from its all-time high and trades at a micro-cap valuation with low daily liquidity. South Korean cryptocurrency exchange Upbit issued an Investment Warning for NAP, citing declining developer activity, elevated volatility, and high token concentration. Additionally, roughly 40% of the total token supply remains uncirculated with an unpublished vesting schedule, and the token has no independent smart contract audits, bug bounty programs, or insurance coverage, although no smart contract exploits or security breaches have been reported.