The Rialto Coin is an ethereum-based cryptocurrency of the eponymous platform. RIALTO.AI is a team of data scientists designing proprietary algorithms for arbitrage and market making. By providing liquidity and matching orders, they are increasing market efficiency and connecting crypto markets, while earning a fraction on every transaction.
The company specializes in arbitrage, market maintenance and forecasting of cryptocurrency trading.
Rialto Coins can currently be purchased via EtherDelta and Livecoin. net.
The coins provide access to the dashboard and will be needed in the future to use the access platform planned for the end of 2018.
Who is behind Rialto Coin’s company?
The core of the Rialto team consists of three people. Head Project Manager is Vito Martin Hrzenjak, who previously worked as a bank analyst and project manager for several years.
Lead Developer Valentin Gjorgjioski has a PhD in Computer Science and many years of experience from various other successful projects he co-founded and worked as a software developer.
The company’s PR management is managed by Kristina Donlic. She previously spent two years as a PR manager for the Slovenian Philharmonic Orchestra.
The team is supported by data scientists, trade specialists and signal processing experts as well as various other external specialists and consultants.
In this way, the team wants to ensure that it receives the highest possible input for its project in order to develop ever more efficient systems.
How does the system behind Rialto Coin work?
The XRL tokens are a key part of RIALTO.AI. They prove that a supporter is a member of the RIALTO.AI Digital Asset Pool. By owning tokens, a person has rights to intellectual properties, but it doesn’t qualify as a security. There are 100 million tokens, which were distributed during the crowd sale that lasted from July 15 to Aug. 15, 2017.
By matching orders and offering liquidity, Rialto.AI connects cryptocurrency markets and increases market efficiency, while making a small percentage on each transaction. Its goal is to become the biggest cryptocurrency platform of its kind, and it looks to accomplish this using Ripple protocol gateways.
XRL works as a good hedge in bear markets because arbitrage is generally profitable in both bull and bear markets. The price of XRL should be tied to the arbitrage earnings so as long as they’re consistently good, you’ll have a coin that’s unlikely to suffer much in a bear market.
Rialto’s main objective is to maximise the use of price differences between cryptocurrencies and digital assets.
To do this, they use various proprietary algorithms and applications to manage the simultaneous transactions and take advantage of arbitrage.
Arbitrage in this case means the purchase and sale of a cryptocurrency in order to profit from a difference in price between the different exchanges.
The most important of these is that transactions must take place simultaneously or at least in the shortest possible time in order to avoid exposure to market risk or the risk of prices changing in a market before both transactions are completed.
The efficiency of the algorithm will improve over time as Rialto has built in machine learning techniques to gradually simplify and accelerate the decision-making process.
All profits generated are distributed evenly among all Rialto Coin holders twice a year. The team itself owns only 15% of the total number of pieces.
It is therefore also in the interest of the team to make as much sales as possible.
Rialto.ai goes beyond just arbitrage in Bitcoin, it can easily do the same for other crypto currencies if the market conditions are right. The algorithms monitor the market order books 24/7 and only enter a trade when the parameters enable profitable execution.
What is planned for the future?
Since all transactions of crypto currencies are publicly displayed in the ledger, coin holders can easily track developments on the market.
By extracting these data for the largest 40 coins on the public Ethereum ledger, Rialto is trying to develop a proprietary tradebot that would enable more efficient prediction trading.
The AI tradebot is expected to be completed in January 2018. The success of Rialto Coin mainly depends on how well the arbitrage and market strategies can be implemented.
However, if Rialto succeeds, it will be the first large arbitrage fund in the crypto world.
You can’t buy it directly for fiat on any exchange. You can choose the best coin exchange for your region and buy BTC there, then trade it for XRL on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is trustworthy and has acceptable fees and it is a leading platform for buying BTC.
If Coinbase doesn’t support your country, use Cex.io – read how Cex.io works – it is a good Coinbase alternative. Coinmama is also safe exchange for buying cryptocurrencies – click here to visit Coinmama.
If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is legit place to trade crypto), instantly and directly to bitcoin.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet (if it is supported) – our recommendation is just go and buy Ledger Nano S or Trezor Wallet or KeepKey, those are the safest options. You can read our articles on how to use Ledger Nano S wallet and where to buy it and Trezor Wallet Review or check out other top hardware bitcoin wallets here. You can also create a paper wallet – learn here more about crypto wallets. We have also compared top 3 hardware wallets: Ledger vs Trezor vs KeepKey.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com