Flamengo Fan Token
MENGO
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MENGO (Flamengo Fan Token) scores an overall 2.8/10 based on its section evaluations. The token operates on the Chiliz Chain and Base via the Socios platform, but suffers from declining operational activity, fading community engagement, and minimal market traction. Active development and community interactions have deteriorated significantly, with governance polls ceasing in April 2025, social media mentions stopping in late 2025, and Socios being removed as an official partner from Flamengo's website in July 2026. Market liquidity is negligible with a micro-cap around $400K and trading volume under $75K. While the token has a clean operational track record free of hacks, exploits, or regulatory actions, the token contract lacks an independent third-party audit and features upgradeable proxy architecture. No qualifying red-flag cap was triggered as no discrete exploit or regulatory failure occurred, but the weighted score of 2.8 mathematically reflects severe demand decay and project stagnation.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Flamengo Fan Token (MENGO)
MENGO (Flamengo Fan Token) is a sports fan utility token launched in October 2021 for supporters of the Brazilian club Clube de Regatas do Flamengo. Issued via Socios.com in partnership with Chiliz, the token operates primarily on the Chiliz Chain, alongside a wrapped deployment on the Base network. The token is designed to facilitate fan engagement, enabling holders to participate in club-curated non-binding voting polls and access platform-based rewards.
The token features a hard-capped maximum supply of 30 million MENGO, of which 18 million are in circulation, with the remaining non-circulating allocation lacking a public vesting schedule. Governance is centralized within the proprietary Socios application rather than an on-chain decentralized autonomous organization (DAO). From a technical security standpoint, the MENGO token contract has no verified independent third-party audit, and the Base network contract utilizes an upgradeable BeaconProxy structure that relies on administrative keyholder controls.
The project has suffered significant demand decay and operational stagnation. MENGO has experienced a severe price crash of approximately 99% from its all-time high of $3.09 down to approximately $0.02, leaving it with a micro-market capitalization and thin trading liquidity. Furthermore, active governance polls ceased in April 2025, official club social media communications regarding the token ended in December 2025, and Socios.com was removed as a listed partner from Flamengo's official website in July 2026. While the token has maintained a clean record regarding smart contract hacks, exploits, and regulatory sanctions, it remains in a low-activity maintenance state.