SL Benfica launches Fan Token on Socios.com

Sport Lisboa e Benfica, in partnership with Chiliz, the Sports Blockchain, announces that the BENFICA Fan Token will be available in the incentives and rewards app for Socios.com fans starting today, Monday, July 24.

500,000 BENFICA Fan Tokens will be made available at €1 through a Fan Token Offering (FTO®) that will start at 12:00 pm and purchases will be limited to 100 Fan Tokens during the first 24 hours to ensure that as many Benfica fans as possible can have this unique opportunity.

The BENFICA Fan Token will give fans the opportunity to participate in the Club's decisions, voting in polls on official product designs, stadium celebration songs and other topics related to fans, who will also be able to enjoy special discounts, promotions and earn exclusive rewards for their loyalty.

Supporters who participate in the FTO® will also have the chance to win exclusive prizes, including discounts on the 2023/24 Official Jersey and the possibility to watch the match between Benfica and FC Porto in the Super Cup final, at Estádio Municipal de Aveiro.

Socios.com is a gamified EngageToEarn platform packed with club-themed features including predictions, check-ins, quizzes and games where fans can enjoy their passion for their team and share it with other fans around the world. Each time users participate in these features, they earn XP points and SSU Loyalty Tokens, which can be redeemed for a wide range of rewards, from subscription products to VIP tickets and once-in-a-lifetime experiences.

Socios.com and SL Benfica came together, prior to the FTO®, on Wednesday, July 19, with an immersive VIP experience for key stakeholders and supporters who were able to learn more about Socios.com and how they can benefit through BENFICA Fan Tokens.

One (1) BENFICA Fan Token will be enough to vote in all polls released by SL Benfica on Socios.com and to participate in all the themed features of the Club. However, the more BENFICA Fan Tokens they have, the greater the influence and the more opportunities users have to earn rewards.

All SL Benfica Members will be offered one (1) free and non-negotiable BENFICA Fan Token.

Domingos Soares de Oliveira, Co-CEO of Benfica SAD said: "Benfica, as one of the most successful football clubs, is passionate and focused on innovation and fan engagement. Socios.com provides an innovative platform through which we can reward our Members and fans for their passion by providing unique experiences."

Alex Dreyfus, CEO and founder of Chiliz and Socios.com, stated: "We are proud to welcome SL Benfica to Socios.com and hope to create an even closer relationship between the Benfiquistas and their beloved team. Through Socios.com, the Club can increase its engagement with its fans around the world, awakening and rewarding their passion."

Accessing the Socios.com app and buying official BENFICA Fan Tokens is quite simple:

• 1. Download the Socios.com app and log in using your mobile phone number;

• 2. Click on $CHZ on the main page of the app;

• 3. Follow the instructions to purchase $CHZ, Socios.com's currency, through your chosen payment method;

• 4. Click on SPORTS, select FOOTBALL and then select BENFICA;

• 5. Insert an amount of Fan Tokens of your choice and use $CHZ to make the purchase;

• 6. Done! The indicated amount will be available in the WALLET of each user within the app.

Available for IOS and Android in the App Stores, Socios.com – which hosts a global community of nearly 2 million users in over 160 countries – is powered by Chiliz, a leading blockchain provider for sports and entertainment.

SL Benfica joins other major football clubs in the world such as Manchester City, Inter Milan, Paris Saint-Germain, FC Barcelona, Arsenal FC, Galatasaray, Flamengo and Palmeiras, who have already launched their official Token on Socios.com.