Here’s a link to a new-ish currency called XRL tokens, which are supported by a supposed AI trading bot called Rialto. Really would like some other opinions on how this will play out in the crypto-market, especially after December 31st. The tokens are only offered on two exchanges, etherdelta.com and livecoin.net, and trade for around 20 cents per coin (but it won’t tell you that on there website). You can only buy XRL tokens using Bitcoin or Ethereum, and the token is built on top of Ethereum.
So far, Rialto seems like a not-so-cleverly constructed scheme. A big red flag is how you can’t get access to their white paper, and don’t provide that many details about their process other than basic ones about what the idea is. No real names of developers or supporters are provided to back up the project either.
What they’re selling is basically a coin that acts like a share in a fund which they will use to buy and sell crypto-currencies with an AI bot trained to find arbitrages and other price differences within the market across exchanges. Could be very big in the future, but the site and other pages related to Rialto don’t give much information to rely on.
Thoughts?