Seed Round Success and Price Increase
RiotXAI, established in 2022 in Singapore, has quickly become a leader in AI-driven arbitrage trading. Specializing in leveraging advanced AI technologies for automated trading and arbitrage, RiotXAI is poised to redefine how investors approach the cryptocurrency market. With exciting developments like a soon-to-be-launched debit card, RiotXAI is committed to creating a seamless and innovative user experience.
Highlights:
- 300% Oversubscribed Seed Round to Private Investors The $RIOT Token seed round attracted over 7,500 private investors globally, raising $9 million against an initial target of $3 million. This overwhelming response highlights the strong belief in RiotXAI’s mission and vision.
- Over $100M in Assets Under Management RiotXAI has now surpassed $100 million in assets under management, reflecting a 25% growth in just the last quarter. This robust growth is driven by the platform’s cutting-edge AI algorithms and a loyal user base exceeding 50,000 active traders.
- Token Portal Launch Incoming The launch of the $RIOT Token Portal is set for January 2024, providing users with a dedicated platform to manage their tokens, track performance, and access exclusive features within the RiotXAI ecosystem.
Competitor Landscape
The AI-driven trading and arbitrage market has seen explosive growth, with platforms like Pionex, KuCoin, and 3Commas collectively raising over $100 million in funding this year alone. RiotXAI’s unique focus on arbitrage trading and user-centric tools sets it apart, making it a standout player in this competitive landscape.
A Message from Our CEO, Alex Goldsmith
“In response to overwhelming investor demand, the $RIOT Token price has been adjusted by a 15% increase, now valued at $0.04. This strategic move enhances the token’s buy-back value and further solidifies its long-term utility within the RiotXAI ecosystem,” said Alex Goldsmith, CEO of RiotXAI.
The adjusted price reflects our commitment to preserving and increasing token value while fostering a sustainable and thriving ecosystem for our users and investors. Notably, the $RIOT Token’s role in the RiotXAI platform is pivotal, with over $8 million in trading fees already transacted using the token since its preliminary rollout.
Additional Milestones
- Global Expansion: RiotXAI has entered new markets, including the UK and Southeast Asia, increasing its user base by 40% in 2023.
- Trading Volume Milestone: The platform surpassed $1 billion in cumulative trading volume this year, marking a 50% year-over-year growth.
- Retail Success: Over $8 million has been paid out to retail traders in just six months, further solidifying RiotXAI’s commitment to user success.
Looking Ahead
The conclusion of our oversubscribed seed round is not just a milestone but a launchpad for future innovations. With over $100 million in assets under management and more exciting developments on the horizon, RiotXAI is poised to expand its footprint in the AI trading landscape. Future plans include introducing commodities trading, launching a debit card for easier asset access, and unveiling more advanced trading features.
Stay tuned for the launch of the $RIOT Token Portal and other groundbreaking updates as we continue to build a future where technology and trading converge seamlessly.
For press inquiries, please contact: hi@riotxai.com or visit main website http://www.riotxai.com
Contact details
- Website link: www.riotxai.com
- Company: RiotXAI
- Contact person: Alexander Whitmore
- Country: United Kingdom
- City: London
- Email: hi@riotxai.com
