Rialto (XRL)

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Rialto aims to become part of the new era of asset management and also bring its services on the blockchain. Rialto’s team is composed of professionals in the financial industry.

Joke Name

Rialto = Asset Management

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (XRL)

Coin or Token

Circulating Supply (82 Million)

Total Supply (100 Million)

Market Cap Ranking

Review

As technologies advance, many more aspects of the financial markets become more and more automated. Advanced trading bots execute orders across exchanges, huge investment funds are governed by a machine learning AI. Rialto aims to become part of the new era of asset management and also bring its services on the blockchain. Rialto’s team is composed of professionals in the financial industry, working together to design elaborate arbitrage and market-making algorithms.

Crowdsale:

Based out of Slovenia, the Rialto team managed to raise $10 000 000 in two weeks.

Key features:

  • Arbitrage
  • Market Making
  • AI Trading Bot

Arbitrage

Rialto uses advanced arbitrage algorithms, executing simultaneous buy and sell orders of a cryptocurrency pair in order to profit from the price difference on different exchanges. The algorithm has a set of criteria that have to be met in order for the orders to be executed, such as minimal price difference and market book depth. A 24/7 live data stream of several exchanges is used in order to give the algorithm a proper operational field.

Market Making

Rialto offers market-making services on markets that have a lack of liquidity. The market making algorithm is a modified version of the arbitrage algorithm that pushes orders out in contrast to only accepting existing orders. This algorithm is to be implemented within the Ripple payment protocol, with its increasing number of new gateways there’s high demand for a designated market maker.

AI Trading Bot

Rialto is currently developing a trade bot that uses a combination of machine learning and quantitative indicators. The algorithm will, initially, analyse historical price data and combine that with a self-learning AI mechanism in order to ‘sniff out’ market manipulation schemes like pump and dumps and unusual movements in addresses with a high amount of a certain cryptocurrency.
All of the above features of the platform will work in a unison in order to provide a proper hedging tool for both retail and institutional investors.

Problems:

There aren’t any strong red flags with the Rialto project. The team supposedly has a lot of background in the sector but there isn’t anyone well known, just some regular guys based out of Slovenia. The only issue with the platform comes in an event some of the exchanges they operate on performs an exit scam as Rialto can lose a large portion of its funds.

Conclusion:

Generally, Rialto is an ok project. The company already has a working product and many community members seem to be content with the products development. We’re yet to see the platform with its full features, as they’re still doing some development work on the AI trading bot.

Pros

  • Working product

Cons

  • No backing (asset, profits, commodity)
  • Questionable team
  • Limited exchanges and liquidity