RIALTO.AI - AI-infused bots to provide liquidity on RCL

[Graine]

I often joke that by the time I finish mapping RCL, either XRP will be worth $$ or the spreads will be very tight. Seems like the latter is going to happen much faster. 

These people are going to be doing something similar to Ripplefox's FMM. I don't understand yet why would they need to do ICO (if your bots are profitable, just deploy it and build-up liquidity), but I would love to know more. 

That said, if anyone from Rialto is reading XRPChat, would be nice if you created a dedicated topic. 

P.S. I posted it in trading & speculation subforum for visibility. If it is against the rules, please move the topic. 

[LaBelleSaison]

Their ICO dates are not yet announced, but they've already got a good number of followers.

https://tokenmarket.net/ico-calendar

https://tokenmarket.net/blockchain/blockchain/assets/rialto-ai/

Interested to see if they reach the targeted amount in hours.

[Live4xrp]

2. Market Making
 
 With  the arbitrage and market making on less liquid markets we provide  liquidity, reduce transaction time and earn a fraction of the traded  currency price.
 By creating a market between gateways  within the Ripple payment protocol, we are well positioned to benefit  from any upside trend in the number of transactions and to become the  leading market maker.

https://www.rialto.ai/#algorithms

[DarthTrader]

I also would love to see an topic from this guys

[Samuel]

The ICO begins in 29 days

[xh3b4sd]

8 hours ago, Graine said:

I don't understand yet why would they need to do ICO (if your bots are profitable, just deploy it and build-up liquidity), but I would love to know more.

 

> Why is an ICO needed to run this AI trading algorithm? Wouldn’t it be more profitable for the team to run the whole thing for themselves?

> To scale up. A person or a team can successfully execute arbitrage only among few exchanges on a very limited volume. Transactional market for crpytocurrencies and digital assets is growing rapidly and there is a real need from its users for large institutional market makers. Spreads among gateways are too large, transactions too slow and matching of orders inefficient. By establishing a market-making fund, we will have the advantage of creating one-point access to largest numbers of gateways, earn a fraction on growing number of transactions, and drastically increase efficiency of the crypto markets.

 

See https://www.investitin.com/rialto/. 

[Guest]

@xh3b4sd Are you working for them?

[xh3b4sd]

1 hour ago, baggy23 said:

@xh3b4sd Are you working for them?

No, there was just coincidently a thread in the subreddit where the OP shared this article with me. See https://www.reddit.com/r/Ripple/comments/6hagvx/anyone_has_hopes_for_rialtoai/. 

[BRFT01]

I'm interested in Rialto and contacted them to ask a few questions regarding the ICO.

On their website it's stated that the max amount of rialto coins is 100 millions (at a fixed price of 0.2USD). Every unsold coin is going to be burned forever and they're going to keep 25% for them (but will be used to cover eventual losses, afaik).

They also said that 40% is reserved for "whales" and basically the maximum amount of coins bought per capita is actually capped.

The whitepaper has been published like a few minutes ago: https://www.rialto.ai/wp-content/uploads/2017/06/RIALTO.AI_Whitepaper.pdf... I haven't even received their e-mail.

[xh3b4sd]

5 minutes ago, BlackRainbowFT said:

I'm interested in Rialto and contacted them to ask a few questions regarding the ICO.

On their website it's stated that the max amount of rialto coins is 100 millions (at a fixed price of 0.2USD). Every unsold coin is going to be burned forever and they're going to keep 25% for them (but will be used to cover eventual losses, afaik).

They also said that 40% is reserved for "whales" and basically the maximum amount of coins bought per capita is actually capped.

The whitepaper has been published like a few minutes ago: https://www.rialto.ai/wp-content/uploads/2017/06/RIALTO.AI_Whitepaper.pdf... I haven't even received their e-mail.

Thanks man. So yeah, lets call it "whitepaper". 67 sites out of 94 is appendix with some trade data.  Will check in more detail later. 

[BRFT01]

Yes sorry... I meant Excel Spreadsheet! 

Sadly I most certainly won't be able to get into the pre-crowdsale because I'm too small a fish (cf. page 20). 20 Benjamins are probably peanuts and I'll have to go through the regular sale!

[xh3b4sd]

So I read the "whitepaper". It is rather poorly written and the grammar is not at its best. Anyway, this is not that important here I guess. I very much like their idea and their team seems to know what they are doing. What I really like is that they want to be a market maker on RCL. This is what Ripple and XRP needs, more liquidity. I am convinced that if they manage to increase liquidity Ripple is one step closer to accelerate their strategical success around financial institutions. This can only benefit the price at the end of the day. I see them being successful enough to make a living out of this. Question is how much ROI will be generated at the end. I tend to participate on the crowd sale. And be it only to boost liquidity on RCL. This is a no-brainer and the community should stand up for this united. We as XRP holders can only benefit from this. Can it fail? Yes, but nobody would be here if we would not believe in the bigger picture. I am in.