Rialto.ai Initial Coin Offering
Token Crowdsale Details and Interview
Project Type: Token
Start Date: July 15, 00:00 GMT.
End: Hard cap of $10M reached
“RIALTO.AI is a team of data scientists, trading economists and signal processing experts, designing proprietary algorithms for arbitrage and market making. By providing liquidity and matching orders, we are increasing market efficiency and connecting crypto markets, while earning a fraction on every transaction.” – Rialto.ai
Rialto.ai ICO has finished. Hard cap Reached: $10,000,000
Interview with Rialto.AI
Bitcoin Chaser: What kind of problem, market deficiency or opportunity inspired you to launch your project?
Rialto.ai: The blockchain industry and the wonderful idea of cryptofinancing will only be able to evolve further if the underlying markets will be efficient.
The prices of cryptocurrencies are now different across exchanges; this is because demand and supply vary according to the characteristics of particular markets, limitation of capital flows between countries, and reputation of particular exchange.
BC: How will your project address this problem or opportunity in a unique way?
Rialto.ai: Arbitrage and market making funds are crucial for effectiveness and reliability of financial markets and the situation is no different on crypto markets. RialtoAI will serve the cryptocurrency market by providing Liquidity, Matching orders and thus improving efficiency.
BC: How do you think that competition will develop following your ICO?
Rialto.ai: We are not the first ones doing this and will surely not be the last. We are constantly monitoring the market for new gaps and inefficiencies from which we could profit. Moreover, as the blockchain industry is growing with tremendous speed, there is no reason to worry about saturation yet.
However, the real competitive advantage that we have is our team. Neither of the projects so far had managed to combine so many experts on machine learning, data mining, and financial software development.
BC: What are you planning to do with the proceeds of your ICO, and why?
Rialto.ai: The 75% of the total funds will represent the Digital Asset Pool of the RIALTO.AI. This enables us to keep the algorithms running without the need for forced stops once the asset pool on one-gateway dries up and you have to wait for reallocation.
The rest will be used for software maintenance & development, IT security and compliance, licensing & regulation, outsourcing costs, legal expenses, and incorporation expenses.
BC: For all those who have read your white paper and are still on the fence about investing in your ICO, what can you tell them that could lead them to invest in your project?
Rialto.ai: For all those that follow our story and are still on the fence about participation I would advise them not to support our crowdsale.
We want to build a successful sustainable project with supporters that understand the need for arbitrage and market making in crypto markets, and not be just another “chase the money” no-cap ICO nowadays.