- Mengo will be launching on the 19th of October
- Fans will purchase from different parts of the world
Chiliz Coin (CHZ) is a digital currency based on Ethereum that aspires to create a blockchain ecosystem for sports, e-sports, and entertainment. Chiliz allows sports teams and other groups to generate their Fan Tokens, which can be utilized as currency within the community. Fan Tokens are a limited-edition digital asset that grants access to a secure ledger of voting and ownership rights. Companies and sports teams that create their Fan Token can use the Chiliz ecosystem to engage their fans with goods, giveaways, and special events.
Mengo is coming Tomorrow.
In an update on Socios’ official Twitter, Socios announced that Mengo would be coming on the 19th of October. The tweet further asked fans where they would be purchasing their Flamengo fan tokens from. Chiliz confirmed this announcement with a retweet of Socios’ tweet.
🇬🇧 $MENGO is coming tomorrow! 🔴⚫️
From which country will you be purchasing the @Flamengo Fan Tokens? Reply with a flag 👇
🇧🇷 Amanhã é dia de $MENGO! 🔴⚫️
Garanta os Fan Tokens da Nação de onde estiver. Comente com a bandeira do país em que você mora 👇
⚡️ $CHZ pic.twitter.com/Yk6wwC5dXp
— Socios.com (@socios) October 18, 2021
Flamengo has teamed up with Chiliz, the world’s top blockchain provider for the sports and entertainment industries, to introduce its own Fan Token, $MENGO, on Socios.com, a fan engagement platform.
After an official invitation was made to the club’s deliberative council to discuss and finalize the agreement, Flamengo announced that it was preparing to release its own Fan Token. Thus, Flamengo will join Atlético Mineiro and Corinthians as the third Brazilian football club to work with Socios.com, after Atlético Mineiro and Corinthians.
Achievement by Chiliz and from future expectations
Chiliz believes this will give the daily engagement in the app. In the short term, they expect this to increase daily participation, with fans being rewarded for trading and playing on the app, from 15,000 to around 50,000.
“When we have our product where we want it and the teams we need and when all other factors and parameters, such as content, etc. are correct, we will be more aggressive with marketing. The day will come when we will spend ‘marketing dollars’ – a lot of real money – driving hundreds of thousands of users to buy Fan Tokens, but time is everything.”-Chiliz
If you have been following the crypto space, you would notice that almost every Centralized and Decentralized exchange is getting into Non Fungible Tokens.
“Another very popular area of the blockchain world we are going through is NFTs. We have been partnering with Enjin for some time, but we will maximize that deal by launching NFTs with our partner clubs in 2021. We can launch NFTs with each of our partners, but we need to make them useful so that they are worth something. And our focus at the moment is on rewards. Thus, for example, the ownership of a specific NFT related to Juventus can lead to the granting of exclusive access to the VIP box at the Allianz Stadium during the season. We will launch our first basic NFTs in February”-Chiliz
At the moment, Chiliz has not presently launched its NFTs but it can be assumed that they would release them soon.
Chiliz’s current price is $0.3212, and it has a 24-hour trading volume of $100,933,175,085. While the coin’s share price rose by 3.31% in the past 24 hours, it currently ranks #65 on CoinMarketCap, with a live market capitalization of $2,465,724,627,388.