Flamengo latest to take leap into Fan Token crypto-zone with Socios.com

September 16 – Socios.com are continuing their rapid expansion in football’s major national markets. Having announced a hook-up with Spain’s LaLiga already this week and launched their sell-out Fan Token issue with Premier League Everton, the blockchain-based crypto business has unveiled Brazil’s Flamengo as their latest partner.

Flamengo are the third Brazilian club – alongside Atlético Mineiro and Corinthians – to join Socios.com who will launch the $MENGO Fan Token via their app. Price and issue date of the Fan Tokens will be announced at a later date.

Socios.com is committed to South America having recently launched Argentine national team Fan Tokens as well as partnering with the country’s top league. Socios.com has recently opened offices in Buenos Aires and Sao Paulo.

Fan Tokens are collectible (and tradeable) digital assets, minted on the Chiliz blockchain. Chiliz owns Socios.com. Fan Token holders have access to club voting rights in polls, VIP rewards, exclusive promotions, AR-enabled features, chat forums, games and competitions on Socios.com.

Gustavo Oliveira, Flamengo’s Communications and Marketing vice-president said: “Flamengo’s Nation always embraces all of our partners and this time it won’t be different.

“We have a lot of confidence in the potential of Fan Tokens and believe that Flamengo’s fan engagement, the biggest fanbase in the world, will be fantastic. We are excited by what is coming next.”

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