Benfica set to enter the crypto market

Benfica will enter the crypto market later this month when it launches its first coin on July 24 for one euro each on the socios.com platform. The club will be issuing half a million coins but will cap the purchases of individuals to 100 coins in the first 24 hours to allow for as many fans as possible to be able to obtain the coins.

Fan tokens are a crypto asset with characteristics similar to cryptocurrencies, after Benfica's initial offering it is assumed that the token will then trade on the secondary market which may increase its value or decrease it. The club is hoping that the launch of the coin will add another valuable experience to its members and supporters around the world.

In preparation for the big launch socios.com will have 10 days of the flight of the eagle commencing July 6, 2023. Visit the site for more information.