MiCA Whitepaper Inline XBRL

N	Field	Content
00	Table of contents	General Information Part A: Information about the offeror or the person seeking admission to trading Part B: Information about the issuer, if different from the offeror or person seeking admission to trading Part C: Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 Part D: Information about the crypto-asset project Part E: Information about the offer to the public of crypto-assets or their admission to trading Part F: Information about the crypto-assets Part G: Information on the rights and obligations attached to the crypto-assets Part H: Information on the underlying technology Part I: Information on the risks Part J: Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts
01	Date of notification	2026-04-20
02	Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114	This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset white paper.
03	Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114	This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council and, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import.
04	Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114	The crypto-asset referred to in this crypto-asset white paper may lose its value in part or in full, may not always be transferable and may not be liquid.
05	Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114	FALSE
06	Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114	The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council or the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council.
07	Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114	Warning This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto-asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to Union or national law.
08	Characteristics of the crypto-asset	$SAFA is the official Fan Token of the South African Football Association (hereinafter referred to as “SAFA” or the “Team”). It is a permissionless, blockchain-based crypto-asset that follows the CAP-20 token standard and is issued by Fan Token Management AG (“FTM”, the “Issuer”, or the “Offeror”) (previously Socios Technologies AG) in partnership with SAFA. $SAFA is primarily intended to provide fans with access to exclusive experiences and rewards directly linked to fan engagement activities. It provides an IP-driven utility experience, enabling holders to interact with the Team in meaningful ways. Token holders may benefit from a range of Web3 utilities, including access to decentralized applications (“dApps”) and the ability to collect NFTs and digital collectibles. In addition, $SAFA may provide access to more traditional benefits such as participation in binding and non-binding surveys related to the Team, hospitality and ticketing privileges, discounts on official products, exclusive signed merchandise and real-life experiences (e.g. Meet and Greets, museum and stadium tours or stadium announcer experience), subject to availability and eligibility. $SAFA token holders may also have access to unique money-can’t-buy opportunities and immersive digital experiences designed to deepen fan interaction with the Team. For the avoidance of doubt, access to token-gated features, functionalities, and rewards is not guaranteed and may vary over time. Such benefits are contingent upon holding $SAFA Fan Token following the public offer and will be subject to eligibility criteria, availability, and platform-specific conditions, always at the discretion of the Issuer or the operator of the ‘Socios.com’ utility platform (hereinafter the “Platform”), or based on instructions from the Team. $SAFA Fan Token is not intended to be used for payments or value transfer, and token holders retain full ownership of their tokens when using its features on the Platform. Similarly, token holders do not acquire the right to receive any financial return, dividend, or any right to participate in any voting related to the management, corporate, or strategic matters of the Team, the Offeror, or any affiliated entity. In light of the above, $SAFA Fan Token is a crypto-asset other than asset-referenced token and e-money token under the classification provided by the Regulation (EU) 2023/1114 (“MiCA”). It does not qualify as a utility token as it is intended to provide access to goods and services that are not exclusively supplied by the Issuer or any entity associated with the Issuer.
09		This field does not apply, as 05 is false.
10	Key information about the offer to the public or admission to trading	Key information about the public offer are the following: Total oﬀer amount: 500,000 $SAFA offered to the public x amount of $CHZ equivalent to USD $0.50 per $SAFA = Amount of $CHZ equivalent to USD $250,000. Total number of $SAFA tokens oﬀered to the public: 500,000 $SAFA. Subscription period: i) 2026/05/21 at 12:00 CEST to 2026/05/28 at 17:00 CEST or ii) until all offered $SAFA are sold, whichever occurs first. Minimum subscription goal: Not applicable. Maximum subscription goal: USD $250,000. Issue price: USD $0.50 worth of $CHZ tokens per $SAFA token. Subscription fees (if any): Not applicable. Target holders of tokens: The public offer is exclusively targeted to retail investors with special emphasis on football fans and members of the Chiliz Chain ecosystem community. Crypto-Assets Service Provider (CASP) responsible for placing the token (if any) post-oﬀering: Socios Europe Services Limited (“SES”). Form of placement: Without a firm commitment basis.

N	Field	Content
B.1	Issuer different from offerror or person seeking admission to trading	FALSE
B.2	Name	N/A
B.3	Legal form	N/A
B.4	Registered address	N/A
B.5	Head office	N/A
B.6	Registration date	N/A
B.7	Legal entity identifier	N/A
B.8	Another identifier required pursuant to applicable national law	N/A
B.9	Parent company	N/A
B.10	Members of the management body	N/A
B.11	Business activity	N/A
B.12	Parent company business activity	N/A

N	Field	Content
C.1	Name	N/A
C.2	Legal form	N/A
C.3	Registered address	N/A
C.4	Head office	N/A
C.5	Registration date	N/A
C.6	Legal entity identifier	N/A
C.7	Another identifier required pursuant to applicable national law	N/A
C.8	Parent company	N/A
C.9	Reason for crypto-asset white paper Preparation	N/A
C.10	Members of the management body	N/A
C.11	Operator business activity	N/A
C.12	Parent company business activity	N/A
C.13	Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114	N/A
C.14	Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114	N/A

N	Field	Content
E.1	Public offering or admission to trading	OTPC
E.2	Reasons for public offer or admission to trading	The public offer aimed to grow SAFA’s community by fostering engagement with its global fan base, allowing fans to connect with the Team and benefit from a variety of utilities that may be provided to token holders, including on the Platform. This initiative not only strengthens the connection between the Team and its global fanbase but also fosters long-term engagement, rewarding fans for their ongoing commitment. $SAFA Fan Token allows token holders to be part of a global community of like-minded fans, highlighting their fan identity within such a community and enhancing their sense of belonging to that community.
E.3	Fundraising target	250000
E.3	Target expressed in currency	USD
E.3	Target expressed in digital token identifier	N/A
E.4	Minimum subscription goals	N/A
E.4	Goals expressed in currency	N/A
E.4	Goals expressed in digital token identifier	N/A
E.5	Maximum subscription goals	250000
E.5	Goals expressed in currency	USD
E.5	Goals expressed in digital token identifier	N/A
E.6	Oversubscription acceptance	FALSE
E.7	Oversubscription allocation	N/A
E.8	Issue price	0.50
E.9	Official currency or any other crypto-assets determining the issue price	USD
E.9	Official currency or any other crypto-assets determining the issue price	$CHZ (KNS06KRXQ)
E.10	Subscription fee	0
E.10	Fee expressed in currency	N/A
E.10	Fee expressed in digital token identifier	N/A
E.11	Offer price determination method	The issue price is determined by amount of $CHZ tokens equivalent to USD 0.50 is calculated based on the exchange rate for CHZ/USD on the day and time of participation. The offer price has been discretionary determined by the Issuer/Offeror in accordance with the terms of the partnership agreement signed with the Team.
E.12	Total number of offered/traded crypto-assets	500000
E.13	Targeted holders	RETL
E.14	Holder restrictions	The public offer is only available to registered Socios.com users. The terms and conditions of the platform provide a list of restricted jurisdictions, and therefore, users located in any of the following jurisdictions will not be able to participate in the public offer: Afghanistan, Burundi, Central African Republic, China, Congo, Democratic Republic of the Congo, Cuba, Guinea-Bissau, Iran, Iraq, Korea (DPKR), Lebanon, Libya, Myanmar, Pakistan, Russian Federation, Somalia, South Sudan, Sudan, Syrian Arab Republic, Venezuela (Bolivarian Republic of), Yemen and Zimbabwe.
E.15	Reimbursement notice	Purchasers participating in the offer to the public of crypto-asset will be able to be reimbursed if the minimum target subscription goal is not reached at the end of the offer to the public, if they exercise the right to withdrawal provided for in Article 13 of Regulation (EU) 2023/1114 of the European Parliament and of the Council or if the offer is cancelled.
E.16	Refund mechanism	In the events described under section E.16 above, participants will be refunded their $CHZ contributions in full through the following mechanism: Minimum target subscription is not reached: There is no minimum target subscription for the public offer of $SAFA. Withdrawal right: Throughout the subscription period, participants are required to stake $CHZ tokens natively on the Chiliz Chain through their Socios.com Wallet. Participants in the public offer, including those that have staked their $CHZ in the Interest Stage, have the option to request the unstaking of their $CHZ tokens at any point in time during the subscription period. This option will be easily accessible on the Platform and can be triggered from the participant’s Socios.com Wallet. Socios Europe Services Limited (SES), a CASP authorised by the MFSA in Malta to provide custody services as required under Article 10(3) point (b) of MiCA, will forward these unstaking requests to the governance contract of the Chiliz Chain where $CHZ contributions are staked, and ensure that such unstaking requests are processed in a timely manner (within up to 72 hours due to protocol constraints) so the participants’ withdrawal rights are safeguarded. Furthermore, participants are informed that this unstaking process is subject to the rules of the Chiliz Chain Proof-of-Stake-Authority (PoSA) consensus mechanism, which imposes an additional cooling down period of two full epochs (up to 72 hours). Once the unstaking process has been completed (which can take up to 6 days, as described in this section), the participant’s $CHZ contribution will be made available for the participant to claim from their Socios.com Wallet. Refund Process Cancellation: If the public offer is cancelled for any reason, all $CHZ contributions will be unstaked by SES on behalf of the participants and made available for such participants to claim on the Platform once the unstaking process described above has been fully completed. Alternative Refund Mechanism: No other refund mechanism is available or offered, as these methods provide a secure and direct means of reimbursing participants.
E.17	Refund timeline	The estimated timeline for completion of the unstaking process is up to six (6) days, as described in section E.16 and subject to network conditions. Once the unstaking process has been completed, participants remain responsible for claiming their $CHZ contributions back to their Socios.com Wallet. If participants do not claim their $CHZ contributions, FTM will return such contributions to participants through an airdrop mechanism starting from 2026/06/10.
E.18	Offer phases	The public offer of $SAFA shall begin with the opening of the subscription period indicated in this white paper, and ends upon the closing of such subscription period. The public offer for $SAFA is structured to ensure equal access for all participants. Starting from 2026/06/01 at 12:00 CEST, participants’ final $SAFA Fan Token allocation will be made available for participants to claim on the Platform via their Socios.com Wallet. Participants will be able to claim their $SAFA until 2026/06/09 at 23:59 CEST. Upon the expiry of this period, any unclaimed $SAFA will be airdropped to participants who did not exercise their right to claim within the claim window.
E.19	Early purchase discount	Only those participants who have staked $CHZ as an expression of interest during the Interest Stage and confirmed their participation during the subscription period will be eligible for an additional $SAFA Fan Token allocation of 10% of the total token allocation to which they are entitled at the end of the public offer. This $SAFA Fan Token bonus allocation will be airdropped directly to the Socios.com Wallet address of the participant during the claim period.
E.20	Time-limited offer	True
E.21	Subscription period beginning	2026-05-21
E.22	Subscription period end	2026-05-28
E.23	Safeguarding arrangements for offered funds/crypto-Assets	To ensure the safeguarding of funds collected during this time-limited public offer, the following arrangements have been set in place for compliance with Article 10(3) point (b) of MiCA: $CHZ contributions raised during the public offering are natively staked on the Chiliz Chain’s governance contract. Therefore, those $CHZ contributions remain associated with the participant’s Socios.com Wallet, and participants who want to withdraw their participation in the public offer can request to unstake part or all their $CHZ contributions at any point in time until expiration of the subscription period. Unstake requests from participants are managed through the smart contract deployed by the Issuer; however, Socios Europe Services Limited (SES), a CASP authorised by the MFSA in Malta to provide custody services as required under Article 10(3) point (b) of MiCA, has been granted the role and authority to broadcast unstake requests to the Chiliz Chain’s governance contract, ensuring that participants can regain access and control over their $CHZ contributions in a timely manner. By doing so, SES acts in its quality of custodian licensed under MiCA by safekeeping the means of access to the participants’ staked $CHZ tokens on their behalf. While SES does not have control over such assets, its role is to ensure that the means to access those tokens is protected and always available to participants. Once the unstake request has been broadcast by SES to the Chiliz Chain’s governance contract, a cooling down period of two full epochs (up to 72 hours) will start. Once this cooling down period expires, the unstaking cycle has been fully processed, and participants will be able to claim their $CHZ contributions directly from their Socios.com Wallet. This process ensures that $CHZ contributions can only be unstaked upon the request being initiated by the participant. In addition, upon participants’ initiating an unstake request, FTM cannot withhold such requests, due to SES, acting in its capacity of custodian, having the authority to process and broadcast these requests from FTM’s smart contract to the Chiliz Chain’s governance contract, ensuring that participants’ requests are never blocked.
E.24	Payment methods for crypto-asset purchase	The only accepted payment method is $CHZ tokens. Through the Platform, participants may acquire $CHZ tokens through third-party on-ramp service providers, such as MoonPay, Banxa, and AlchemyPay, amongst others, subject to availability in their jurisdiction. No other payment methods, including fiat currencies or any other cryptocurrencies, are accepted during the public offer.
E.25	Value transfer methods for reimbursement	In case of cancellation of the public offer or exercise of their withdrawal right, participants will be entitled to a refund in kind by delivery of their $CHZ contributions to their Socios.com Wallet in accordance with the procedures set forth in sections E.16 and E.26 of this white paper.
E.26	Right of withdrawal	During the subscription period, participants have the right to withdraw their participation without incurring any fees or costs and without needing to provide any reason. Participants have the option to request the unstaking of their $CHZ contributions at any point in time during the subscription period by selecting the ‘unstake’ option accessible on the Platform from their Socios.com Wallet. SES will forward these unstaking requests to the Chiliz Chain’s governance contract where $CHZ contributions are staked, ensuring that such unstaking requests are being processed and executed in a timely manner (within up to 72 hours due to protocol constraints) so the participants’ withdrawal rights are safeguarded. Furthermore, participants are informed that this unstaking process is subject to the rules of the Chiliz Chain’s PoSA consensus mechanism, which imposes an additional cooling down period of two full epochs (up to 72 hours). Once the unstaking process has been completed (which can take up to 6 days, as described in this section), the participant’s $CHZ contribution will be made available for the participant to claim from their Socios.com Wallet.
E.27	Transfer of purchased crypto-assets	Following the conclusion of the subscription period, $SAFA tokens will be made available for participants to claim on their Socios.com Wallet, by interacting with the ‘claim’ function of the smart contract deployed by FTM for the distribution of $SAFA and made available to participants on the Platform.
E.28	Transfer time schedule	$SAFA tokens will be made available for participants to claim on the Platform from 2026/06/01 at 12:00 CEST to 2026/06/09 at 23:59 CEST. Upon expiry of this claim period, any unclaimed tokens shall be automatically distributed by way of an airdrop mechanism, starting from 2026/06/10 at 12:00 CEST.
E.29	Purchaser's technical requirements	To participate in the public offer, prospective holders must have a registered account on the Socios.com platform and set up their Socios.com Wallet to participate in the public offer and to receive the $SAFA Fan Token. As a non-custodial wallet solution, participants are responsible for securing their wallet credentials, including private keys and recovery phrases, to ensure the safety of their assets.
E.30	Crypto-asset service provider (CASP) name	Socios Europe Services Limited
E.31	CASP identifier	984500EBA2E9980CDD80
E.32	Placement form	WOUT
E.33	Trading platforms name	Following the distribution of $SAFA to participants in the public offer, FTM reserves the right to seek admission to trading of $SAFA on MiCA-compliant trading platforms established in the EU/EEA.
E.34	Trading platforms Market identifier code (MIC)	Not available
E.35	Trading platforms access	Not available
E.36	Involved costs	The costs are exclusively related to Chiliz Chain network (gas) fees, which are required to process transactions on the Chiliz Chain. However, these gas fees will be subsidized by FTM, meaning that participants will not be required to pay gas fees when staking/unstaking $CHZ during the public offer, or to claim their $SAFA tokens during the claim period. No hidden or imposed fees apply to the subscription for $SAFA.
E.37	Offer expenses	The resources allocated to the $SAFA public offer are primarily non-financial, encompassing significant man-hours and expertise from the Offeror's development team. These efforts focused on technical development, compliance with applicable laws, and comprehensive project planning to facilitate the token launch. In addition to these resource commitments, certain financial expenditures will also be incurred, including costs related to targeted marketing campaigns and gas fees charged programmatically on the Chiliz Chain.
E.38	Conflicts of interest	No conflicts of interest have been identified by FTM in relation to the public offer of $SAFA in the EU.
E.39	Applicable law	Laws of Switzerland
E.40	Competent court	Subject to mandatory applicable law, any dispute arising out of or in connection with this white paper and all claims in connection with the public offer of $SAFA, including the validity, invalidity, breach or termination thereof, shall be exclusively resolved by arbitration in accordance with the Swiss Rules of International Arbitration.

N	Field	Content
F.1	Crypto-asset type	$SAFA falls within the definition of crypto-asset set forth in Article 3 of MiCA, as it is a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology. $SAFA is issued as a fungible token under the CAP-20 token standard on the Chiliz Chain (ERC-20 equivalent). $SAFA does not purport to maintain a stable value and, thus, it should be classified as a crypto-asset other than asset-referenced token or e-money token. In addition, $SAFA does not qualify as a utility token under MiCA’s Article 3, as the associated utilities are not provided exclusively by the Issuer or an entity related to that Issuer.
F.2	Crypto-asset functionality	$SAFA is a utility-based crypto-asset designed to increase community engagement between the Team and its global fanbase. The token serves as a digital membership credential that enables participants to access token-gated features and exclusive non-financial experiences that may be made available to token holders. Its issuance is linked to the fan engagement strategy of the Team and forms part of a broader initiative to integrate Web3 technology into the fan experience. The functionalities of $SAFA Fan Token on the Platform depend on the contractual arrangement with the Team. These functionalities may include, but are not limited to, participation in binding and/or non-binding polls, access to exclusive content/experiences, and rewards mechanisms through the Platform. These features, benefits, and rewards are indicative, not guaranteed, subject to availability, and contingent upon holding $SAFA. $SAFA token holders do not acquire any financial rights, ownership, or entitlements to revenues or intellectual property from the Team, FTM, or their respective affiliates. $SAFA does not entitle token holders to participate in any decisions which are ordinarily reserved to corporate bodies or vested in directors and shareholders of either the Team, FTM, or their respective affiliates, nor does it entitle token holders to receive any sort of profits generated by the Team, FTM, or their respective affiliates. In addition, $SAFA is not intended to be used as a means of payment or value transfer but is solely intended for fan engagement purposes.
F.3	Planned application of functionalities	$SAFA token holders may have access to a range of token-gated features, which may be made available through the Socios.com fan engagement and rewards platform or other platforms as may be determined in the future. Following its issuance, additional functionalities may be introduced, further enhancing $SAFA token holder experience, either on the Platform or on any other third party platform, subject to integration of $SAFA on such third party platform. Such features are subject to change and may be added, modified, or removed, upon instructions from the Team or at the discretion of FTM or the operator of the platform on which such features are made available to token holders.
F.4	Type of crypto-asset white paper	OTHR
F.5	The type of submission	NEWT
F.6	Crypto-asset characteristics	$SAFA is a fungible crypto-asset issued by FTM under the CAP-20 token standard on the Chiliz Chain, with an initial total supply of 20,000,000 tokens. $SAFA can be stored and transferred on the Chiliz Chain and other compatible blockchain networks. $SAFA Fan Token holders can use $SAFA on the Platform to access exclusive experiences, rewards, and Web3 utilities, enhancing fan engagement with the Team.
F.7	Commercial name or trading name	Fan Token Management AG
F.8	Website of the issuer	Not available
F.9	Starting date of offer to the public or admission to trading	2026-05-21
F.10	Publication date	2026-05-20
F.11	Any other services provided by the issuer	FTM does not currently provide any other services.
F.12	Language or languages of the crypto-asset white paper	English
F.13	Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available	81KLHJNF2
F.14	Functionally fungible group digital token identifier, where available	G1HFG9KLK
F.15	Voluntary data flag	FALSE
F.16	Personal data flag	TRUE
F.17	LEI eligibility	TRUE
F.18	Home Member State	Malta
F.19	Host Member States	Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden

N	Field	Content
G.1	Purchaser rights and obligations	Rights of the purchasers: Ownership of $SAFA Fan Token is limited to control over the tokens themselves and does not provide any ownership or claim in the issuer or any related entity, including any rights to shares, assets, revenues, intellectual property, governance, or profit-sharing. Within this framework, purchasers may benefit from certain functionalities and rights associated with the acquisition and use of $SAFA, as well as being subject to certain conditions necessary for the proper functioning of the public offer and the ecosystem. These include: Purchasers have the right to claim their $SAFA allocation based on their $CHZ contribution as determined at the end of the subscription period. Purchasers have the right to withdraw their participation and request a full refund of their $CHZ contribution without fees or penalties before the end of the subscription period. Purchasers are guaranteed equal access to the public offer, ensuring fairness and preventing over-concentration. Purchasers have the right to access specific fan engagement functionalities associated with $SAFA Fan Token, as provided on the Platform, along with additional functionalities that may be provided by third parties. In the event of public offer cancellation, all participants are entitled to a refund. Upon cancellation of the public offer, $CHZ contributions will be unstaked by SES and made available for participants to claim on their Socios.com Wallet. Purchasers have full control over the purchased $SAFA tokens, granting them the freedom to hold, trade, sell, transfer, use, or otherwise dispose of their tokens at their discretion. Purchasers are subject to the following requirements: Purchasers must create an account on the Socios.com Platform and set-up their Socios.com Wallet to be able to participate in the public offer. By doing so, participants must comply with the terms and conditions of the Platform and any other terms made available to participants on the Platform. Purchasers are responsible for securely managing their Socios.com Wallet credentials, including private keys and recovery phrases, to safeguard their assets. Purchasers must ensure that their participation in the public offer is not in violation of any laws, regulations, or rules in their country of residence or domicile. If there are any local legal restrictions, prospective purchasers are expected not to participate in the public offer. Participants are required to be at least 18 years old, or of the minimum legal age to obtain and hold crypto-assets, according to the laws of their jurisdictions. Participants must have read, understood, and accepted the Terms and Conditions of the public offer made available on the Platform before proceeding with their purchase. Purchasers are required to stake $CHZ on the Chiliz Chain via the smart contract deployed by FTM to participate in the public offer. Purchasers are required to claim their $SAFA Fan Token allocation from their Socios.com Wallet during the claim period provided by FTM. If participants do not claim their $SAFA Fan Token allocation during this period of time, FTM will airdrop participants’ allocation directly into their Socios.com Wallet on a specific date following expiration of the claim period.
G.2	Exercise of rights and obligations	Participants can exercise the rights and obligations described in this white paper exclusively through their account on the Platform and the Socios.com Wallet associated with such an account. Participants’ rights in relation to their participation in the public offer, claim of $SAFA Fan Token, withdrawal right during the public offer, right to access fan engagement functionalities available for $SAFA on the Platform, and right to receive their $CHZ contributions in case of a cancelation of the public offer, can be solely accessed and exercised through the Socios.com Wallet address associated with their account on the Platform and through which participants initially participated into the public offer. These include: Right to withdraw: Participants who wish to withdraw their $CHZ contributions during the public offer may do so by selecting the ‘unstake’ option made available to them on their Socios.com Wallet. SES will forward these unstaking requests to the governance contract of the Chiliz Chain where $CHZ contributions are staked, and ensure that such unstaking requests areis being processed in a timely manner (within up to 72 hours due to protocol constraints) so the participants’ withdrawal rights are safeguarded. Furthermore, participants are informed that this unstaking process is subject to the rules of the Chiliz Chain Proof-of-Stake-Authority (PoSA) consensus mechanism, which imposes an additional cooling down period of two full epochs (up to 72 hours). Once the unstaking process has been completed (which can take up to 6 days, as described in this section), the participant’s $CHZ contribution will be made available for the participant to claim on the Platform. Right to be refunded in the event of public oﬀer cancellation: All participants are entitled to a refund of their $CHZ contributions in case the public offer is canceled by FTM. Upon cancellation of the public offer, SES will be responsible for unstaking participants’ $CHZ contributions from the Chiliz Chain’s governance contract and ensuring that such $CHZ contributions (and any accrued $CHZ staking rewards) are made available for participants to claim from their Socios.com Wallet. The unstaking process will be initiated by SES immediately following cancelation of the public offer, however, this process remains subject to the cooling-down period of two full epochs (approximately 72 hours) imposed on the Chiliz Chain for the unstake of $CHZ before their $CHZ contributions become claimable. Rights to claim $SAFA: Participants’ rights to claim their $SAFA Fan Token allocation can be exercised during the claim period, which is scheduled to commence on 2026/06/01 at 12:00 CEST and terminate on 2026/06/09 at 23:59 CEST. During this claim period, participants are responsible to claim their $SAFA Fan Token allocation from the smart contract deployed by FTM. Upon such user-initiated claim function, the smart contract will execute the distribution of the participant’s $SAFA Fan Token allocation to the participant’s Socios.com Wallet. Any $SAFA Fan Token allocation that remains unclaimed following expiration of the claim period shall thereafter be allocated automatically by way of an airdrop transaction executed through the same smart contract. Ownership of $SAFA: Token holders can freely hold, sell, transfer, trade, use, or otherwise dispose of their $SAFA tokens upon claiming their $SAFA Fan Token allocation or upon receiving such tokens via airdrop in case they did not claim their $SAFA allocation during the claim period. Token holders can exercise such control through their Socios.com Wallet or any other non-custodial wallet compatible with the Chiliz Chain.
G.3	Conditions for modifications of rights and obligations	No modifications to the rights and obligations of purchasers are anticipated or planned. The terms of the public offer, including purchaser rights and obligations, are enforced through the smart contract deployed by FTM and transparently communicated in advance, offering full predictability for all participants. In the event of unforeseen circumstances requiring modifications to purchasers’ rights and obligations, participants will be notified promptly, and any changes will comply with applicable regulatory requirements to protect purchaser interests. Notwithstanding the above, FTM reserves the right to change or amend such terms from time to time. In this case, FTM will promptly inform participants about such changes. To the extent permissible by law, any amended terms shall become effective immediately upon the date indicated in the terms. Participants’ use of the Platform after publication of the amended terms constitutes acceptance of such amended terms. It is the participants responsibility to regularly check for such notices and updates on the Platform.
G.4	Future public offers	There are no future public offers planned at this stage.
G.5	Issuer retained crypto-assets	19500000 In accordance with the terms of the partnership agreement concluded between FTM and the Team, FTM will act as treasury manager for $SAFA, retaining and managing the non-circulating supply of $SAFA (the part of the supply that has not been made available to the public offer or that has not been subscribed to by participants during the public offer) prior to their release into public circulation. Note: For the purpose of complying with the technical requirements of the MiCA XBRL taxonomy, “19,500,000” has been reflected as the number of issuer-retained tokens in the machine-readable version of the white paper. This figure reflects the portion intended to be held in treasury and not made available in the public offer. This number may vary depending on any changes to the amount offered and any future release of tokens into public circulation.
G.6	Utility Token Classification	FALSE
G.7	Key features of goods/services of utility tokens	N/A
G.8	Utility tokens redemption	N/A
G.9	Non-trading request	TRUE
G.10	Crypto-assets purchase or sale modalities	Upon conclusion of the public offer, it is expected that $SAFA Fan Token will become tradable on DEXs. Token holders can interact with such third-party DEXs by connecting their Socios.com Wallet or any other non-custodial wallet which is compatible with any blockchain network on which $SAFA Fan Token can be stored and transferred. FTM further reserves the right to seek admission to trading of $SAFA on MiCA-compliant trading platforms.
G.11	Crypto-assets transfer restrictions	No lock-up period in place. Tokens may be freely traded and therefore unlocked immediately upon distribution of the $SAFA to participants.
G.12	Supply adjustment protocols	FALSE
G.13	Supply adjustment mechanisms	This field does not apply, as G.12 is false
G.14	Token value protection schemes	FALSE
G.15	Token value protection schemes description	This field does not apply, as G.14 is false
G.16	Compensation schemes	FALSE
G.17	Compensation schemes description	This field does not apply, as G.16 is false
G.18	Applicable law	Laws of Switzerland
G.19	Competent court	Subject to mandatory applicable law, any dispute arising out of or in connection with this white paper and all claims in connection with the $SAFA Fan Token including the validity, invalidity, breach, or termination thereof, shall be exclusively resolved by arbitration in accordance with the Swiss Rules of International Arbitration.

N	Field	Content
H.1	Distributed ledger technology	The Chiliz Chain is the distributed ledger technology used for the issuance, storage, and transfer of $SAFA. It is a public, EVM-compatible Layer 1 blockchain forked from BNB Smart Chain, which is itself a derivative of Go-Ethereum. $SAFA is issued on the Chiliz Chain as a CAP-20 fungible token. The Chiliz Chain's core system contracts, including those governing staking, governance, and upgrade mechanisms, are fully audited. See H.9 for audit details.
H.2	Protocols and technical standards	Token Standard $SAFA is issued under the CAP-20 token standard, the Chiliz Chain's native fungible token standard, functionally equivalent to Ethereum's ERC-20. CAP-20 enforces 18 decimal places, which means that on-chain balances, transfer amounts, and total supply are denominated in the token’s smallest unit rather than as whole integers. $SAFA implements the standard CAP-20 interface for transfers, approvals, allowances, and supply queries. Transaction Standards Since the Dragon8 hard fork in June 2024, Chiliz Chain supports the following transaction standards: EIP-2718 (Typed Transaction Envelope): defines a typed transaction format enabling multiple transaction types to coexist on the same network. EIP-1559 (Fee Market): enables type-2 transactions with a protocol-defined base fee and an optional priority fee paid to validators. EIP-155 (Replay Protection): transactions are signed with the Chiliz Chain Mainnet Chain ID of 88888, preventing cross-chain replay attacks. Execution Environment The $SAFA token contract is compiled for the Shanghai-equivalent EVM target introduced with the Dragon8 upgrade. The Shanghai specification includes improvements covering warm coinbase access, the push zero opcode, and initcode size limits. This ensures full compatibility with standard Solidity development, testing, and auditing tooling across the Ethereum ecosystem. Client Interface Standards Chiliz Chain exposes standard Ethereum JSON-RPC and WebSocket endpoints, supporting the eth, net, and web3 method namespaces. ABI encoding follows the Ethereum Contract ABI specification, ensuring consistent function call and event log decoding across all compatible clients. Any wallet or application that supports custom EVM networks can interact with Chiliz Chain using the documented network parameters. Account Model Chiliz Chain uses Ethereum-style externally owned accounts and contract accounts, each identified by a standard 20-byte hexadecimal address. The same wallet address is valid on Chiliz Chain and any other EVM-compatible network. NFT Standards Although $SAFA is a fungible CAP-20 token, the Chiliz Chain supports ERC-721 and ERC-1155 through EVM compatibility. These standards are relevant to the broader $SAFA utility ecosystem, which may include NFT-based collectibles and digital experiences accessible to token holders on the Platform. Cross-Chain Bridge Protocols Two smart-contract-based bridge protocols facilitate interoperability between Ethereum and Chiliz Chain: Dcentralab's Chainport: converts ERC-20 $CHZ on Ethereum to wrapped $CHZ on Chiliz Chain. The Chiliz Bridge: performs a direct ERC-20 to native $CHZ conversion using paired contracts deployed on both networks. These bridges are not operated by FTM or any of its affiliates and are used primarily to supply wallets with native $CHZ for gas, staking, and governance purposes on Chiliz Chain. In addition, following the deployment of LayerZero’s omnichain messaging protocol, token holders may have the ability to bridge their $SAFA Fan Token to other compatible blockchain networks, including but not limited to Base and Solana, subject to availability of LayerZero’s protocol.
H.3	Technology used	Implementation and Architecture $SAFA token contract runs on the Chiliz Chain client implementation published as open-source software in the chiliz-chain/v2 repository, written in Go. A separate genesis-configuration repository defines the chain parameters and network configuration. Together, these components define the execution and consensus stack within which the $SAFA CAP-20 contract is deployed and executed. Smart-Contract Platform and Execution Environment Smart contracts on Chiliz Chain are written in Solidity and compiled for the Shanghai-equivalent EVM introduced with the Dragon8 upgrade. Dragon8 also implemented EIP-1559 and EIP-2718, aligning Chiliz Chain's fee mechanics and transaction format with Ethereum. All transactions on Chiliz Chain are metered using the EVM gas schedule and settled in $CHZ, the network's native token. The deterministic EVM runtime ensures that, given the same inputs and state, contract execution produces identical results across all validator nodes. Transfer and Interoperability Technology Before transferring $SAFA, users must hold native $CHZ to pay transaction fees. Transfers are executed as standard CAP-20 transactions on Chiliz Chain, with gas paid in $CHZ and finality achieved upon block confirmation. The bridge protocols described in H.2 are available to move $CHZ between Ethereum and Chiliz Chain where required, though these are third-party services not operated or endorsed by FTM.
H.4	Consensus Mechanism	$SAFA does not implement its own consensus mechanism. All $SAFA transactions executed within the Chiliz Chain's base layer achieve finality once included in blocks that reach the relevant commitment level. Settlement, ordering, and data availability are determined entirely by the Chiliz Chain's validator set. $SAFA inherits those security and availability guarantees. Chiliz Chain uses Proof of Staked Authority (PoSA), a hybrid consensus mechanism that combines Proof-of-Authority-style validator rotation with Proof-of-Stake-based weighting and eligibility. A limited set of Main Validators, each required to bond $CHZ and be approved through on-chain governance, is responsible for proposing and validating blocks. Validator seats are currently capped at 13, subject to on-chain governance. The Parlia consensus engine coordinates block production and interacts with system contracts managing staking, validator-set updates, reward distribution, and penalties for misbehaving or oﬄine validators. Advanced security features including double-sign detection and slashing mechanisms uphold the chain's stability and finality. Following the Snake8 hard fork in October 2025, block production is assigned via a randomised algorithm weighted by the amount of $CHZ staked on each validator node, replacing the previous equal-rotation model. This rewards validators that attract greater delegator trust and enhances competition within the validator set. This PoSA design, adapted from BNB Smart Chain, is tuned for short block times averaging approximately three seconds, low transaction fees, and fast practical finality. It operates with a comparatively small validator set and therefore offers a lower degree of permissionless decentralization than large, fully open validator networks.
H.5	Incentive Mechanisms and Applicable Fees	At the network level, the Chiliz Chain employs a gas-based fee model denominated in $CHZ. Since the Dragon8 hard fork, the network supports EIP-1559-style type-2 transactions with a dynamically adjusted base fee. The base fee is burned at the protocol level, applying deflationary pressure to $CHZ supply. Priority fees are distributed to validators and delegators and are not burned. Block rewards, comprising both newly minted $CHZ from the inflationary supply introduced by Dragon8 and collected priority fees, are allocated as follows: 65% to active validators and their delegators, distributed in proportion to staked amounts after the validator's commission is applied. 10% to the Community Vault, $CHZ liquidity pools, and shared-security restaking rewards. 25% to the Ecosystem and Operational Distribution pool, funding ongoing development, marketing, and operational expenses of the Chiliz Chain. The inflationary $CHZ supply follows a programmatic decay schedule introduced by Dragon8, beginning at an annual rate of 8.8% and declining over time toward a long-term steady rate, providing predictable and transparent monetary policy for the network. Validators that fail to comply with protocol rules, such as double-signing or repeated downtime, may be jailed and partially slashed, with a proportion of their staked $CHZ burned. This mechanism incentivises honest behaviour and high uptime across the validator set.
H.6	Use of distributed ledger technology	FALSE
H.7	DLT functionality description	N/A
H.8	Audit	TRUE
H.9	Audit outcome	Three categories of audit are relevant to $SAFA. Halborn's Chiliz Chain Core Contracts Object: Core Chiliz Chain smart contracts used at mainnet launch, including the staking contract, governance contract, and bridge contract. Findings: Minor risks were identified, with no indication of unresolved high-severity issues at launch. Remediation: The necessary fixes were implemented before the 2023 mainnet launch. The contracts remain subject to further audits when upgraded. CertiK's Governance and Core Contracts Object: Smart contracts underpinning Chiliz governance and the core V2 contracts, including the V2 Genesis Contracts and related upgradeable components, as well as the on-chain vote token implementation reviewed under the Chiliz project on CertiK Skynet. Findings: No critical issues. Several major centralisation-type findings, plus medium, minor, and informational issues, all marked as acknowledged. Remediation: The identified issues have been addressed. Halborn's Chiliz Bridge Smart-Contract Audit Object: Smart-contract infrastructure for the Chiliz Bridge connecting $CHZ between Ethereum and the Chiliz Chain. Findings: No critical, unaddressed issues. Remediation: Subsequent updates to bridge logic are tracked via blockchain code-change logs and outage reports.

Part I - Information on risks

N	Field	Content
I.1	Offer-related risks	The following risks specifically relate to the execution of the public offering of the $SAFA Fan Token: Oﬀer delay, suspension, or cancelation There is a risk that the public offer may be delayed, suspended, or cancelled due to technical, operational regulatory or commercial circumstances, including, for example, uncertainties related to the partnership agreement or other commercial dependencies. Such events may result in reputational damage to the project. In the event of public offer cancellation, all participants are entitled to a refund. Distribution delay from network congestion The distribution of $SAFA may be subject to delays caused by congestion on the underlying blockchain network. High transaction volumes or limited block capacity may result in slower processing times, leading to delays in the completion of distribution. Short subscription window The subscription period is limited to one (1) week. Retail investors across different time zones may have limited opportunity to review this white paper in full or perform due diligence to make a fully informed participation decision within this window.
I.2	Issuer-related risks	The following risks specifically relate to FTM as the issuer of $SAFA: Regulatory Compliance Risks Issuers of crypto-assets must adhere to a wide array of regulatory requirements across different jurisdictions. Non-compliance can result in fines, sanctions, or the prohibition of the crypto asset offering, impacting its viability and market acceptance. Distribution delay from network congestion These include risks related to the Issuer's internal processes, personnel, and technologies, which can affect their ability to manage crypto-asset operations effectively. Failures in operational integrity might lead to disruptions, financial losses, or issuer’s reputational damage. Legal Risks Legal uncertainties, potential lawsuits, or adverse legal rulings can pose significant risks to issuers. Legal challenges may affect the legality, usability, or value of a crypto-asset. Reputational Risks Negative publicity, whether due to operational failures, security breaches, or association with illicit activities, can damage an issuer's reputation and, by extension, the value and acceptance of the crypto-asset. Dependency on Key Individuals The success of some crypto projects can be highly dependent on the expertise and leadership of Issuer’s key individuals. Loss or changes in the project’s leadership can lead to disruptions, loss of trust, or project failure. Counterparty Risks Risks associated with FTM's suppliers or collaborators, including the potential for non-fulfillment of obligations that can affect FTM’s operations. Token Functionalities Participants understand that the partnership agreement with the Team will eventually expire or may be terminated and $SAFA may partially or fully lose utilities on the Platform as a result of such expiration or termination. Non-circulating supply management FTM retains management of 19,500,000 $SAFA tokens, representing 97,50% of total supply, as treasury following the public offer. FTM's decisions regarding the timing and method of releasing any portion of this supply into circulation could materially affect $SAFA market price and liquidity conditions.
I.3	Crypto-assets-related risks	The following risks specifically relate to $SAFA as a crypto-asset: Compliance with MiCA Although $SAFA is designed to be fully compliant with MiCA, future changes to regulatory requirements could affect the token’s status or its ability to be traded. Regulatory uncertainty The regulatory environment surrounding crypto-assets is constantly evolving, which can directly impact their usage, valuation, and legal status. Changes in regulatory frameworks may introduce new requirements related to consumer protection, taxation, and anti-money laundering compliance, creating uncertainty and potential challenges for token holders and businesses operating in the crypto space. Market volatility $SAFA’s value is likely to be highly volatile and subject to market speculation. $SAFA’s price may fluctuate significantly, resulting in potential losses. Liquidity Risk The availability of liquidity depends on the level of trading activity on DEXs and, where applicable, on centralized exchanges (CEXs). Even if the token becomes available on CEXs, such platforms may experience insufficient trading volumes, hindering the ability to buy or sell $SAFA, or may be subject to regulatory, compliance, or operational risks, including potential service disruptions, crashes, or market manipulation, that could affect $SAFA ‘s availability or tradability. Adoption Challenges If participants in the crypto-assets market do not engage with $SAFA as expected, demand for the token may remain low. Macroeconomic risk A crypto market crash or financial crisis could reduce interest and investment in the token. Reputational Concerns Crypto-assets are often subject to reputational risks stemming from associations with illegal activities, high-profile security breaches, and technological failures. Such incidents can undermine trust in the broader crypto ecosystem or specific project, negatively affecting investor confidence and market value, thereby hindering widespread adoption and acceptance.
I.4	Project implementation-related risks	The following risks specifically relate to the implementation of $SAFA as a project: Partnership dependency The token functionalities associated with $SAFA are contingent on the partnership agreement between FTM and the Team. If this agreement expires without renewal, is terminated early, or if either party fails to perform its obligations, $SAFA may partially or fully lose its token functionalities, materially reducing its value. There is no guarantee that the partnership will be renewed on equivalent or any terms. Team performance and reputational exposure The desirability of $SAFA is directly tied to fan interest in the Team. Events adversely affecting the Team, including deterioration in sporting performance, financial difficulties, governance failures, or reputational harm, could reduce fan engagement and materially affect demand for and the value of $SAFA. Functionality non-delivery The features, benefits, rewards, and experiences described in this white paper are indicative and subject to availability, eligibility, and platform-specific conditions. There is no contractual guarantee to token holders that any specific value utility will be available at any given time. Features may be modified, reduced, or removed at the discretion of FTM, the Platform operator, or the Team. Platform operational dependency $SAFA utilities are delivered through platform(s) designated by FTM and the Team from time to time, currently including the Socios.com platform. Any discontinuation, material disruption, or modification of the designated platform, or any failure by FTM to maintain an operational delivery environment, could limit or eliminate token holders' access to $SAFA's features. Insuﬃcient funding The project relies on the public offer to raise a portion of the proceeds allocated to fund the utility inventory. If the offer raises insufficient proceeds, the scope of rewards, benefits, and experiences made available to token holders may be scaled back or limited.
I.5	Technology-related risks	The following risks specifically relate to the underlying blockchain technology used for the primary issuance, storage, and transfer of $SAFA: Blockchain Dependency Risk $SAFA is built on the Chiliz Chain, making it inherently reliant on the stability, security, and long-term operation of the underlying blockchain. Any disruptions, protocol upgrades, or governance decisions on the Chiliz Chain could potentially impact the token’s functionality, transaction speed, and overall ecosystem integration. Changes to gas fees, validator incentives, or consensus mechanisms may also influence transaction costs and adoption. Smart Contract Risks Despite thorough testing and audits, smart contracts are susceptible to vulnerabilities such as logic errors, reentrancy attacks, or integer overflows. If an exploit is discovered in $SAFA token’s contract, it could lead to financial losses, token theft, or unintended behaviors. Private key management The security of $SAFA holdings depends on the effective management of wallet private keys and recovery phrases. Loss of private keys results in irreversible loss of access to tokens. Theft or unauthorised access to private keys can result in complete loss of funds. Network Security Risks While Chiliz Chain benefits from robust blockchain security, it remains susceptible to network-level attacks such as Sybil attacks, 51% attacks, or DDoS attempts on validators. Transaction Finality Transactions on the Chiliz Chain achieve finality probabilistically, meaning their security increases as more blocks are confirmed. However, theoretical risks of transaction reversals exist, particularly in cases of blockchain reorganizations or consensus attacks. Furthermore, transactions sent to incorrect or unintended addresses are typically irreversible, making it crucial for users to double-check addresses and transaction details before execution. Scalability issues As blockchain networks experience increased adoption and usage, scalability challenges can arise. A higher number of transactions on the Chiliz Chain might lead to network congestion, resulting in increased transaction fees, slower confirmation times, and reduced usability. Consensus Failures Issues with a blockchain’s consensus mechanism can lead to serious disruptions such as network forks, operational halts, and a loss of trust among participants. Forks can result in duplicate transactions or diverging ledger states, causing confusion and potential financial losses. Ecosystem Dependency Risks $SAFA is compatible with many platforms across the Chiliz Chain and other compatible blockchain networks. It is always best practice to only interact with reputable platforms. Cross-chain Bridge Exposure Interoperability protocols enabling $SAFA to be transferred to other networks introduce message-verification risk, trust-anchor compromise risk, finality and liveness risk, smart contract upgrade risk, and operational risks including liquidity fragmentation and pricing divergence. Failure of a cross-chain bridge could result in partial or total loss of bridged tokens. Evolving Technology Risks Blockchain technology is rapidly evolving, and new standards, protocols, or competitor chains could render existing token implementations obsolete.
I.6	Mitigation measures	Several measures have been implemented to mitigate the risks associated with the technology used to issue and distribute $SAFA: Oﬀer-Related Risks Short subscription window: This white paper is published on 20 May 2026, one day before the subscription period opens on 21 May 2026, providing prospective purchasers with advance time to review the terms of the offer in full before committing any funds. Issuer-Related Risks Non-circulating supply management: FTM discloses the existence, size, and intended uses of the non-circulating treasury supply in this white paper, including the permitted purposes for which it may be released, as described. Crypto-Asset-Related Risks Regulatory uncertainty: FTM monitors regulatory developments across relevant jurisdictions on an ongoing basis, including developments in South Africa where SAFA's primary fanbase is located. Supply concentration and dilution: The total supply, public offer allocation, and non-circulating treasury supply are disclosed in full in this white paper across fields F.6, G.5, and D.8, including the permitted uses for which treasury tokens may be released. Liquidity constraints: FTM actively seeks partnerships with established and reputable centralised exchanges and decentralized exchanges to ensure a smooth trading experience for $SAFA holders and to reduce venue-related operational risks following the public offer. Project Implementation-Related Risks Utility non-delivery: The token-gated features and utilities made available to $SAFA holders are governed by the contractual arrangement between FTM and SAFA. FTM maintains an active programme of utility provisioning on the Socios.com platform, as evidenced by the history of utilities delivered across the broader Fan Token ecosystem described in field D.8. Technology-Related Risks Smart contract vulnerabilities: $SAFA token and distribution contracts were developed using established Solidity development practices and subjected to extensive testing across multiple functional and edge-case scenarios to ensure reliability and correctness during token distribution. Where an independent security audit has been conducted, prospective purchasers should refer to H.9 for the full disclosure. FTM does not warrant that the contracts will be free from all errors or security issues. If any issues or problems arise in connection with participation in the public offer, it may take days, weeks, or months to resolve, and some issues may not be resolved at all. Blockchain dependency: The Chiliz Chain's core infrastructure contracts, including staking, governance, bridge, and Dragon8 tokenomics contracts, have been independently audited by Halborn Security and CertiK. See H.9 for full details. Private key management: FTM provides clear guidance to participants on securely managing their Socios.com Wallet credentials, including private keys and recovery phrases, to minimise risks related to loss of access. Participants are solely responsible for the safekeeping of their wallet credentials. Network security: The Chiliz Chain's validator network continues to grow and diversify, enhancing resilience against potential centralisation or targeted attacks. However, the distribution of $SAFA tokens following the public offer and any subsequent transaction may be delayed or not executed due to transaction volume on the blockchain, mining attacks, or similar events. Cross-chain bridge exposure: The Chiliz Bridge smart-contract infrastructure, which connects $CHZ between Ethereum and the Chiliz Chain, has been independently audited by Halborn Security with no critical unaddressed issues identified. See H.9 for full details Evolving technology: FTM actively monitors advancements in blockchain technology and commits to adopting improvements in the Chiliz Chain ecosystem to maintain technical competitiveness and security. The $SAFA project team evaluates protocol upgrades and new standards as they emerge to ensure the token's continued relevance and functionality within the broader EVM ecosystem.

General information	Page 3
Part A - Information about the offeror or the person seeking admission to trading	Page 4
Part B - Information about the issuer, if different from the offeror or person seeking admission to trading	Page 5
Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114	Page 6
Part D - Information about the crypto-asset project	Page 7
Part E - Information about the offer to the public of crypto-assets or their admission to trading	Page 8
Part F - Information about the crypto-assets	Page 9
Part G - Information on the rights and obligations attached to the crypto-assets	Page 10
Part H – Information on underlying technology	Page 11
Part I - Information on risks	Page 12
Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts	Page 13

N	Field	Content
Mandatory information on principal adverse impacts on the climate and other environment-related adverse impacts of the consensus mechanism
General information about adverse impacts
S.1	Name	Fan Token Management AG
S.2	Relevant legal entity identifier	984500B6F8407AE38911
S.3	Name of the crypto-asset	$SAFA Fan Token
S.4	Consensus Mechanism	$SAFA does not implement its own consensus mechanism. All $SAFA transactions executed within the Chiliz Chain's base layer achieve finality once included in blocks that reach the relevant commitment level. Settlement, ordering, and data availability are determined entirely by the Chiliz Chain's validator set. $SAFA inherits those security and availability guarantees. Chiliz Chain uses Proof of Staked Authority (PoSA), a hybrid consensus mechanism that combines Proof-of-Authority-style validator rotation with Proof-of-Stake-based weighting and eligibility. A limited set of Main Validators, each required to bond $CHZ and be approved through on-chain governance, is responsible for proposing and validating blocks. Validator seats are currently capped at 13, subject to on-chain governance. The Parlia consensus engine coordinates block production and interacts with system contracts managing staking, validator-set updates, reward distribution, and penalties for misbehaving or oﬄine validators. Advanced security features including double-sign detection and slashing mechanisms uphold the chain's stability and finality. Following the Snake8 hard fork in October 2025, block production is assigned via a randomised algorithm weighted by the amount of $CHZ staked on each validator node, replacing the previous equal-rotation model. This rewards validators that attract greater delegator trust and enhances competition within the validator set. This PoSA design, adapted from BNB Smart Chain, is tuned for short block times averaging approximately three seconds, low transaction fees, and fast practical finality. It operates with a comparatively small validator set and therefore offers a lower degree of permissionless decentralization than large, fully open validator networks.
S.5	Incentive Mechanisms and Applicable Fees	At the network level, the Chiliz Chain employs a gas-based fee model denominated in $CHZ. Since the Dragon8 hard fork, the network supports EIP-1559-style type-2 transactions with a dynamically adjusted base fee. The base fee is burned at the protocol level, applying deflationary pressure to $CHZ supply. Priority fees are distributed to validators and delegators and are not burned. Block rewards, comprising both newly minted $CHZ from the inflationary supply introduced by Dragon8 and collected priority fees, are allocated as follows: 65% to active validators and their delegators, distributed in proportion to staked amounts after the validator's commission is applied. 10% to the Community Vault, $CHZ liquidity pools, and shared-security restaking rewards. 25% to the Ecosystem and Operational Distribution pool, funding ongoing development, marketing, and operational expenses of the Chiliz Chain. The inflationary $CHZ supply follows a programmatic decay schedule introduced by Dragon8, beginning at an annual rate of 8.8% and declining over time toward a long-term steady rate, providing predictable and transparent monetary policy for the network. Validators that fail to comply with protocol rules, such as double-signing or repeated downtime, may be jailed and partially slashed, with a proportion of their staked $CHZ burned. This mechanism incentivises honest behaviour and high uptime across the validator set.
S.6	Beginning of the period to which the disclosed information relates	2026-04-20
S.7	End of period to which disclosed information relates	2027-04-20
Mandatory key indicator
S.8	Energy consumption	48.20178
Sources and methodologies
S.9	Energy consumption sources and methodologies	Since $SAFA has not yet been fully implemented at the time of writing the white paper, conservative estimates regarding the expected activity have been made. For the calculation of energy consumptions of the underlying networks, the so called 'bottom-up' approach is being used. The nodes are considered to be the central factor for the energy consumption of the network. The main determinants for estimating the hardware used within the network are the requirements for operating the client software. To determine the energy consumption of $SAFA, the energy consumption of the Chiliz Chain is calculated first. For the energy consumption of $SAFA, a fraction of the energy consumption of the network is attributed to $SAFA, which is determined based on the (expected) activity of the crypto-asset within the network. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts. The share of the token within the network is then determined and a corresponding share of the network's energy consumption is attributed to $SAFA. Since $SAFA has not yet been launched at the time of writing this white paper, estimates are used to determine the share of the token. Other tokens with the same characteristics in terms of technical implementation and structure of the project are selected for this.
Supplementary information on principal adverse impacts on climate and other environment-related adverse impacts of the consensus mechanism
Supplementary key indicators
S.10	Renewable energy consumption	N/A as the energy consumption value (S.8) does not exceed 500 000 kilowatt-hours as set forth in article 4.2 of Commission Delegated Regulation (EU) 2025/422 of 17 December 2024 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the content, methodologies and presentation of information in respect of sustainability indicators in relation to adverse impacts on the climate and other environment-related adverse impacts.
S.11	Energy intensity	N/A (see S.10)
S.12	Scope 1 DLT GHG emissions – Controlled	N/A (see S.10)
S.13	Scope 2 DLT GHG emissions – Purchased	N/A (see S.10)
S.14	GHG intensity	N/A (see S.10)
Sources and methodologies
S.15	Key energy sources and methodologies	N/A (see S.10)
S.16	Key GHG sources and methodologies	N/A (see S.10)

Index

General information

Part A - Information about the offeror or the person seeking admission to trading

Part B - Information about the issuer, if different from the offeror or person seeking admission to trading

Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114

Part D - Information about the crypto-asset project

Part E - Information about the offer to the public of crypto-assets or their admission to trading

Part F - Information about the crypto-assets

Part G - Information on the rights and obligations attached to the crypto-assets

Part H – Information on underlying technology

Part I - Information on risks

Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts