After unanimous approval by CODE, Flamengo will launch fan token with Socios.com

The first installment of the new partner's payment will be made in five days

By Flamengo and Socios.com - in 15/09/2021 às 12:00

Flamengo, in partnership with the Socios.com app, from Chiliz, a global leader in the distribution of block chains for the sports and entertainment industry, will officially launch the $MENGO fan token. The agreement was finalized after unanimous approval by the Rubro-Negro Deliberative Council on Tuesday night (14). The club will become the third in Brazil to launch a fan token on Socios.com.

"The Red-Black Nation always embraces Flamengo's partners, and this time will be no different. We are very confident in the potential of this market and believe that the engagement of Flamengo's fans, who are the largest soccer fans in the world, will be fantastic. We look forward to the next steps," said Gustavo Oliveira, Flamengo's Vice President of Communications and Marketing.

Fan tokens are collectible digital assets located on blockchain from Chiliz, which give owners access to forum voting, VIP prizes, exclusive promotions, augmented reality content, chats, games, and competitions on Socios.com.

More than 50 sports organizations have already partnered with Socios.com to launch their fan tokens, including FC Barcelona, Paris Saint-Germain, Juventus, AC Milan, Atletico Madrid, Valencia, Manchester City, Inter Milan, Arsenal, and the national teams of Portugal and Argentina. Socios.com is growing rapidly in the United States, with 11 NBA teams already signed and more on the way. MMA giants UFC have launched their fan token, as has the PFL. The Socios.com team also includes teams from F1, esports, and cricket.

Created by Chiliz, a global leader in the distribution of block chains For the sports and entertainment industry, Socios.com has major expansion plans and is planning more fan token launches in Latin America and around the world. SCHZ—the digital currency for sports and entertainment that powers the Socios.com platform—and fan tokens for some teams are available on Mercado Bitcoin, the largest cryptocurrency marketplace in Brazil and South America.

Socios.com has offices located worldwide and has already opened new offices in Madrid, Istanbul, São Paulo, and Buenos Aires. The company will also open a new headquarters in North America.

Details about the $MENGO launch date will be revealed soon.

Alexandre Dreyfus, CEO of Chiliz and Socios.com, celebrated the partnership. "Another giant in the sports world has joined our ecosystem. Welcome, Flamengo! Fans of this club, known worldwide, will soon be able to enjoy this powerful new way to connect with the club they love. We look forward to launching the $MENGO fan token and creating new opportunities for Flamengo fans," he said.

About Socios.com

The transition from passive to active fans is essential for the future of sports. Our vision is to create an extensive network of major sports organizations, achieving this through fan engagement on Socios.com. Fan Tokens, digital goods, and collectibles are available on the platform. blockchain Chiliz's fan engagement platform and Socios.com enable major sports properties to enter the fan influence and rewards ecosystem. Socios.com has already generated $150 million in revenue for sports teams in 2021. More than 55 sports organizations, including UFC®️, FC Barcelona, Juventus, AC Milan, Paris Saint-Germain, Valencia CF, Atletico Madrid, Manchester City, Inter Milan, Arsenal, and the national teams of Portugal and Argentina, are Socios.com partners. Formula 1's Aston Martin Cognizant and Alfa Romeo Racing ORLEN have also launched Fan Tokens. Leading esports organizations Team Heretics, NAVI, OG, and Alliance have already launched Fan Tokens on the platform. The NHL's New Jersey Devils recently became the first U.S. partner, followed by the NBA's 76ers and Boston Celtics. Three IPL leaders have also joined the Socios.com team. Many other sports teams and organizations around the world are set to launch their Fan Tokens in the near future. Chiliz, the cryptocurrency behind the Socios.com platform, has over 160 employees and has already opened new offices in Madrid, Istanbul, and São Paulo. The company will open a new headquarters in North America in the near future. Chiliz $CHZ is listed on several cryptocurrency exchanges around the world, including Coinbase and Binance. Socios.com—the creator of Fan Tokens—also owns Fantokens.com, which will go live soon. The Socios.com app is available in 10 languages. For more information, visit www.socios.com.