Chiliz Investing Story

Efforts to give utility to tokens have been a long-standing goal. Bringing the crypto world together with the real world is actually the sole dream of many people. I would like to talk about a token that made this attempt when game tokens or DeFi were not so common. The crypto project name called Chiliz and has a special place in my life as well.

Towards the end of 2019, while scrolling through Twitter, I came across a tweet from someone I followed who was talking about a token called Chiliz. There wasn’t much information at first, but it was a project that drew me in. Football and crypto. Would cryptocurrency finally meet the real world? I started examining the project right away. I am planning to explain how a crypto token project is examined in detail in another article.

Anyway, there was no excess in its pricing, even though not much time had passed since its launch. We were in a bear market obviously at that time anyway. It wasn’t even in the top 100 on Coinmarketcap. It was unbelievable. In my opinion, there was a tremendous opportunity. When I compared it to other coins in the rankings based on the promises made, I thought this coin deserved to be in the top 30.

They signed consecutive fan token agreements with major teams. Incredible profits could be made from fan token pre-sales (FTO) alone. I think it was February 2020 when they announced their official agreement with FC Barcelona. Now, more people knew about this coin. Making deals with the biggest clubs in Europe was the company’s most important policy. They increased investors’ appetite so much within a year that they developed a system called “locker room” to make agreements with three more big clubs. I was also one of those who invested in it. My money was stuck almost throughout the bull market. It was psychologically challenging. Fortunately, I was able to sell it at a profitable point. It was my biggest gain from the investment I made for myself.

As can be seen from the chart in the image, this coin had made 125x in the middle of 2021. Of course, there were coins that even increased by 1000x. As an investor, achieving such an increase in just two years is amazing. I haven’t been following what the company has been doing aside from its price for a while btw. They haven’t been able to deliver on many of their promises. As far as I know, they are still growing. They also transitioned to their own mainnet. They experienced a smaller drop than the one I expected during the bear market.

If you’re curious about what Fantokens are, you can watch all of them on the website rocketfan.com. Personally, I don’t currently have any investments in them, and I don’t plan to in the future. Although I have bought and sold Fantokens in the past, they usually result in losses due to a lack of liquidity.

Although my story is positive, there have been times when I have suffered huge losses. I believe that we need to analyze the risks we take well. That’s why I’m sharing my experiences. I will also tell you how I lost a third of my money from Luna’s crush.

As for my negative thoughts about the company, they insisted that fantokens were not an investment tool and were only issued for fan engagement purposes, but fundraising and the opening of these fantokens for trading have turned them into a product that is clearly being invested in. Since the integration of fantokens with real life is limited, the meeting of crypto and real life, as I mentioned at the beginning of my writing, has not been fully realized.

Returning to our coin, my expectation for Chiliz is that it will once again quickly rise in the next bull market. Positive news will come one after another. While there are so many unnecessary coins in the market, Chiliz will somehow stand out again. I will invest again, but I am not rushing to do so specifically for this coin. I will conduct detailed research on what they will do in the coming months. Maybe there will be another post.

My Final Thoughts

The Twitter account that helped me see this coin opportunity didn’t make as much money as he could have, even though he saw the opportunity early on. When we see an investment opportunity, we need to hold on to it tightly. How often do these opportunities come into our lives? There is certainly a factor of luck, but we also need to follow trends closely and keep an eye out for innovations. As long as we manage our risks well and diversify our portfolios, we can sit back and wait for the results. 🙂

Stay invested, and be a Permanent Investor.

Cheers!