MENGO Fan Token is the service token of Brazilian football club Flamengo. Holders of this token have a say in decisions regarding the Flamengo football club.
What is Flamengo Fan Token, What Does It Do?
The Flamengo Fan Token, known by the abbreviated name MENGO, is the official service token of the Brazilian football team Flamengo. Chiliz has announced that it has agreed to issue fan tokens with Brazilian football club Flamengo. MENGO holders have many VIP benefits, such as the right to vote on club decisions, win surprise gifts, join private chat rooms or attend fan events. In addition, Flamengo Fan Token aims to generate serious income for the club.
The token went on sale on October 19, 2021 at 16:00 Turkish time. It is launched in such a way that each person can purchase a maximum of 100 items in the first round. A total of 1.5 million MENGO fan tokens were quickly sold for $2.
Users holding MENGO tokens have certain privileges associated with Flamengo. Many opportunities are offered, such as voting on club decisions, winning surprise gifts, meeting football players or participating in team training sessions as a VIP. Additionally, MENGO token holders invest in their teams. It is foreseen that MENGO will gain value as a result of the sportive successes of the Flamengo team. The success or failure of Flamengo, one of the leading teams in the Brazilian league, affects the value of the token.
How to Get MENGO Fan Token?
To get a Flamengo fan token, you first need to know the exchanges where this token is listed. Then you have to choose the stock market you want to trade and create an account. You can follow the steps below to purchase MENGO:
- After registering with the exchange, you need to verify your account.
- You must transfer money to the wallet in the exchange account by credit or debit card.
- You can then place a purchase order to buy MENGO.
- In the buy order, you must specify how many MENGO tokens you want to buy and in what price range.
- Once the purchase is made, crypto assets are deposited into your account.
On Which Exchanges Is Flamengo Available?
Here are some popular crypto exchanges where Flamengo fan token is listed and hence you can trade:
- Gate.io
- OKX
- bitget
- MEXC
- Chiliz
- DigiFinex
- BitUBU
How Much Is Flamengo Supply?
The MENGO token supply is 4.6 million units, with a market cap of $2.1 million.
How Much is MENGO ATH?
The highest ATH price for Flamengo fan token was recorded as $3.94 on November 10, 2021.
The determination of the market value of crypto assets, whether coin or token, usually takes place through exchanges where that currency is traded in the market. The price of a cryptocurrency is determined when that currency is demanded in the market and is tried to be sold. Therefore, the market value of a coin can change over time and is often affected in parallel by the current state of the markets. All Time High should not be used to develop a trading strategy on its own. But it is one of the tools to consider.
How Much is MENGO ATL?
The lowest ATL price for MENGO was seen on May 12, 2022 as $0.20. The price of a coin or token may fluctuate over time, and the price of that currency may fall to a so-called low. This lowest level is called All-Time Low (ATL). By looking at the ATL, you can get an idea of the potential and buying opportunity of a coin.
