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Flamengo Fan Token price

$0.27998
-$0.00220
(-0.78%)
Price change from 00:00 UTC until now
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Flamengo Fan Token market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$1.92M
Circulating supply
6,826,525 MENGO
Market cap ranking
204
24h high
$0.29226
24h low
$0.26470
All-time high
$2.8487

MENGO calculator

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MENGOMENGO

Flamengo Fan Token price performance in USD

The current price of Flamengo Fan Token is $0.27998. Since 00:00 UTC, Flamengo Fan Token has decreased by -0.78%. It currently has a circulating supply of 6,826,525 MENGO and a maximum supply of 30,000,000 MENGO, giving it a fully diluted market cap of $1.92M. At present, the Flamengo Fan Token coin holds the 204 position in market cap rankings. The Flamengo Fan Token/USD price is updated in real-time.
Today
-$0.00220
-0.78%
7 days
-$0.03252
-10.41%
30 days
-$0.07082
-20.19%
3 months
-$0.07332
-20.76%

About Flamengo Fan Token (MENGO)

3.5/5
Certik
3.0
12/22/2024
CyberScope
4.0
12/23/2024
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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In the world of digital assets and blockchain technology, the potential for transformation knows no bounds. Industries are exploring these new opportunities, and the sports industry, in particular, has embraced this transformation. Many sports clubs and athletes have seen the potential to connect more closely with their fans through blockchain technology.

This has given rise to Fan Tokens, a cryptocurrency that empowers fans to engage more deeply with their favorite clubs and players, even allowing them to have some influence. The Flamengo Fan Token (MENGO) is a digital currency designed to foster a strong and meaningful connection between fans and the Brazilian football club, Flamengo. 

What is MENGO?

MENGO represents one of the many fan tokens facilitating a direct connection between a specific club and its players with their dedicated community. Situated in Rio de Janeiro, Brazil, Flamengo has solidified its status as one of the most successful sports clubs of the 20th century. As the most famous club in Brazil, boasting over 40.2 million supporters as of 2020, Flamengo has significant influence in football. The introduction of its Fan Token has the potential to introduce numerous newcomers to the world of cryptocurrency to get a closer look at their cherished clubs.

The MENGO team

Socios.com created MENGO to enable sports enthusiasts to earn rewards by interacting with their beloved clubs. The platform that powers the Socios app is Chiliz, with Alexandre Dreyfus serving as its CEO. Dreyfus has been a prominent figure in the Web 3 space and has played a significant role in the inception and expansion of web-based companies such as Webcity, Winamax, and Chilipoker.

How does MENGO work?

Like other Fan Tokens, the Flamengo Fan Token represents a digital asset that empowers holders to influence official decisions, participate in exclusive games, and win unique experiences. Unlike a typical membership token, MENGO doesn't expire at the end of a season, requiring no renewal for continued benefits.

This token offers fans a fresh and innovative way to interact with their clubs, fostering a direct line of engagement. Beyond influencing the club's decisions, the fan token also brings added advantages, such as the ability to purchase tickets, merchandise, and experiences directly from the club without the involvement of third parties. The Socios.com platform acts as a catalyst, bridging the gap between fans and their favorite teams, facilitating interaction, and providing rewarding experiences. 

MENGO use cases

MENGO token has three major use cases. The first one is that it allows users to influence the club and certain decisions through the Socios.com app. This works because teams create polls, and token holders get to vote on them. Over 400 official decisions have been made since Fan Tokens were first created, including pitch names, kit designs, exclusive merchandise, and more. Furthermore, each poll is capped so that the results would be unbiased.

The second major use case is the opportunity for the fans to win rewards. These can range from watching a match with their favorite legendary player to reading out the team lineup in front of more than 60,000 fans. All that they need to do to win such rewards is hold the MENGO token and participate in team decisions and other activities and features within the Socios.com app.

Lastly, the third use case is the ability to participate in the games that the Socios.com app has to offer. There are many different games and exclusive in-app events and features, such as Token Hunt, Fan Rewards, Predictor, and alike.

MENGO lets you get closer to your favorite club

The MENGO token serves three primary purposes:

  • Influence club decisions: MENGO enables users to have a say in the club's choices through the Socios.com app. Teams create polls, allowing token holders to vote on various matters. Since the inception of Fan Tokens, more than 400 official decisions have been influenced, covering areas like naming the pitch, designing kits, producing exclusive merchandise, and more. Each poll has a voting cap to ensure a more fair and unbiased outcome. 
  • Winning rewards: Fans can win enticing rewards, ranging from watching a match with a legendary player to announcing the team lineup in front of a massive audience exceeding 60,000 fans. To qualify for these rewards, fans must hold the MENGO token and actively engage in team decisions and other activities within the Socios.com app.
  • Access to in-app games: The MENGO token provides access to various games and exclusive in-app events and features offered by Socios.com. These include engaging activities like Token Hunt, Fan Rewards, and more, enhancing the overall interactive experience for token holders.
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MENGO FAQ

How much is Flamengo Fan Token worth today?
Currently, one Flamengo Fan Token is worth $0.27998. For answers and insight into Flamengo Fan Token's price action, you're in the right place. Explore the latest Flamengo Fan Token charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Flamengo Fan Token, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Flamengo Fan Token have been created as well.

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