XRL token exchange policy

Luka Glogoški
Mar 12 · 2 min read

This policy applies to all existing XRL digital token holders who have not deposited their XRL tokens to the rialto.ai platform by the 31st December 2018 deadline or contacted RialtoTrade.com support for manual XRL token redemption by 15th March 2019.

Our previous Rialto.ai platform, only allowed users to access our products by depositing XRL tokens. After the Rialto.ai platform was replaced in February 2019 by the updated RialtoTrade.com platform, the XRL tokens no longer have any utility as they are not supported by the new platform.

For this reason we delisted XRL tokens from all exchanges and have now setup a direct redemption option for all remaining XRL token holders. Here’s how you can exchange XRL tokens for Ethereum starting on 16th March 2019.

  1. Send any remaining XRL tokens to the token contract address 0x0886B14Ad9919DbfDFc5Ac76665A462B4641A44f
  2. You will automatically receive ETH to the address from which you sent your XRL tokens

Given the ongoing storage costs, the assets reserved for the XRL token exchange cannot be held for an unlimited period of time. iTrade LTD reserves the right to charge a storage fee of 1.5% per month for holding the reserved assets, therefore we would encourage all remaining XRL token holders to redeem their XRL tokens at the earliest opportunity.

Exchange rate:

1 XRL = 0.000369 ETH

If you encounter any issues with the automated XRL token exchange, please let us know by contacting support via the “Help” link in the footer of the platform.

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RialtoTrade.com

RialtoTrade.com is a platform with automated algorithms for cryptocurrency arbitrage, market making, and prediction trading.

Luka Glogoški

Written by

RialtoTrade.com

RialtoTrade.com is a platform with automated algorithms for cryptocurrency arbitrage, market making, and prediction trading.

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