SL Benfica Becomes First Portuguese Club to Partner with Socios

UTC by Benjamin Godfrey · 3 min read
SL Benfica Becomes First Portuguese Club to Partner with Socios
Photo: Sport Lisboa e Benfica / Facebook

According to Socios founder and Chief Executive Officer, Alexandre Dreyfus, the startup is committed to creating more experiences for Benfica fans around the world.

Portuguese footballing giant, SL Benfica is getting aboard the Socios train with the proposed launch of a fan token. The partnership will notably open up Benfica to the world of Socios which plays host to more than 150 of the biggest clubs or sports organizations in the world across Europe, South America, and the United States of America.

Socios is a major pioneer of fan engagement using blockchain technology, and its popularity has continued to grow by the day. According to the statistics shared by the platform, there are over 1.5 million downloads of its application, and Benfica will be brought into this large community of club supporters.

“Benfica is constantly focused on searching for and delivering a positive experience to our huge global fanbase which includes both Members and Supporters. We have been paying very close attention to Digital Assets, a market which has been influential in our industry of late. We are delighted to be partnering with Socios.com, the ideal partner for developing our tokens and for bringing the worldwide Benfica family closer together,” said Domingos Soares de Oliveira, CEO of SL Benfica.

Benfica has a whole lot more to benefit from the Socios partnership as it can finally harness the powers of blockchain to drive more inclusivity within the club and the broad array of fans it has around the world.

By being a part of the Socios ecosystem, Benfica will be launching its fan tokens on the Chiliz blockchain. Besides the revenue aspect that is often robust and serves as an alternative stream of income, the club can finally democratize some of its decisions, giving direct access to fans holding the club’s token to have a say. The decentralized nature of the Socios-backed fan token makes it possible for anyone, irrespective of their geographical location.

Socios to Create New Experiences for Benfica Fans

According to Socios founder and Chief Executive Officer, Alexandre Dreyfus, the startup is committed to creating more experiences for Benfica fans around the world.

“We’re delighted to welcome SL Benfica, the most successful club in Portuguese football history, to Socios.com,” Dreyfus said, “Having built a truly world-class network of partners, our focus is now on adding more features and engagement opportunities for Fan Token holders. We look forward to creating new experiences for Benfica and their passionate fans all around the world.”

Socios planned to extend a lot of incentives to as many as 17,000 fans around the world who will be watching live games by being club token holders. Benfica fans will be amongst these beneficiaries, and they will also be able to gain access to sponsor discounts, customized merchandise, and the receipt of digital assets including Non-Fungible Tokens (NFTs) to mention a few.

In addition to the growing partnerships it is inking, Socios also has a lot of plans in store that will largely benefit Benfica that is coming into the fold and one of the things to watch out for is additional gamification on the Socios.com app.

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Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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