Rialto: Crypto AI Arbitrage and Market Making Platform

Wow, friend, I’ve gathered some information for you about the Rialto (XRL) project. However, it’s important to note that most of the available information about this project dates back to 2017-2018, and its official website (rialto.ai) currently appears to be inaccessible. This means it’s difficult to obtain the latest official whitepaper or detailed materials. Therefore, I’ll organize an introduction to the project based on historical information I could find, hoping to help you understand its past features and development trajectory.

Rialto (XRL) is a cryptocurrency project launched in 2017, with its core goal being to use automated algorithms for

and in the cryptocurrency market. You can think of arbitrage like this: you find a bottle of milk selling for 10 yuan at Supermarket A, while the same milk is only 8 yuan at Supermarket B. You can immediately buy it at B and sell it at A, easily earning a 2 yuan price difference. Rialto’s algorithm aims to find such price discrepancies between different crypto exchanges and quickly execute trades to earn profits.

Market making, on the other hand, is more like being a “middleman” in the market. A market maker will simultaneously post buy and sell prices—for example, willing to buy a certain cryptocurrency at 99 yuan and sell it at 101 yuan. By continuously providing buy and sell quotes, it supplies liquidity to the market, making trading easier and earning the spread. Rialto’s goal was to use these automated algorithms to improve the efficiency of the crypto market and create returns for its supporters.

In 2017, the Rialto project raised $10 million through an Initial Coin Offering (ICO). Its token, XRL, was originally designed as a “Proof-of-Membership”—holding XRL tokens meant you had membership in the Rialto.AI digital asset pool, with rights to 100% profit distribution, as well as ownership of Rialto.AI’s proprietary software, data tools, algorithms, and other intellectual property. The team planned to distribute all profits to token holders every six months in Ethereum (ETH). The total supply of XRL tokens was 100 million, with a commitment not to issue more.

However, in 2018, Rialto’s token economic model underwent a major change. The team found that requiring users to use XRL tokens to access its products set too high a barrier for new users and failed to deliver the expected benefits to existing token holders. Therefore, they decided to adjust their strategy: the RialtoTrade.com platform would no longer use XRL tokens as a tool for platform access or fee reduction. As compensation, users holding XRL tokens as of November 15, 2018, could receive a preferential account exempt from profit fees and be eligible for a proportional “preferred equity” in the RialtoTrade AG holding company. This meant the utility of XRL tokens fundamentally changed—they were no longer the core functional token of the platform, but instead became a certificate of company equity.

The original Rialto team consisted of data scientists, trading economists, and signal processing experts dedicated to designing proprietary arbitrage and market making algorithms. According to historical records, core team members included Leon Kocjancic, Valentin Gjorgjioski, and Vladimir Kuzmanovski.

Given that Rialto’s official website is currently inaccessible and its token economic model underwent significant changes early on, the original utility of the XRL token no longer exists. Therefore, the current activity and development status of the project are difficult to track. Please note that the above information is mainly based on publicly available materials from the project’s early days (2017-2018) and does not represent its current status. It is crucial to conduct thorough independent research when considering any cryptocurrency project, and remember, this is not investment advice.