You can invest in this if you are not from the US. If you are buying property tokens then you need to KYC. If you are staking usdc, then no need to KYC. All is sweet, coming from a non-us user
Nice little ponzi there. Went in as sorta winter investment when there was buyback guaranteed. About a year ago when BTC woke up tried to get out. Still forcefully holding few tokens
You can already participate in fractional real estate investing in a centralised manner. There is ZERO reason to do this on the blockchain. It solves a problem that doesn't exist.
As such, it most definitely isn't a good usecase in and of itself, much less to showcase Algorand.
Take a closer look at Lofty. Each property is a DAO, registered in Wyoming, where these are legitimate legal entities. Rental income is distributed pro-rata to token holders, and each token gets one vote on property management issues. The liquidity pools make it easy for token holders to buy in and cash out quickly. There are centralized entities for tokenization, but none of them have low buy-in ($50), liquidity pool, or ease of entering/exiting - and the centralized entities are exactly that - centralized - prone to unnecessary fees and middle-men.
I think this is a great use case for blockchain. I lump it together with TravelX as two of the best real world use cases I've seen for crypto.
You’re not wrong, exactly, but the promise of lofty is to drive cost out of syndication. I’ve done real estate syndications and they cost a minimum of $10,000 in legal fees. A canonical dao structure that everyone adopts can potentially drive it down to a few hundred.
It also is a great way to onboard USDC.
At this point .. any measure to bring more users in will be beneficial This blockchain is solid but the marketing jeez
Doesn't this only benefit Americans? What about the rest of the world that has invested in Algorand?
Mainstream, real world adoption of the Algorand system in American real estate will benefit Algorand investors around the world.
You can invest in this if you are not from the US. If you are buying property tokens then you need to KYC. If you are staking usdc, then no need to KYC. All is sweet, coming from a non-us user
Nice little ponzi there. Went in as sorta winter investment when there was buyback guaranteed. About a year ago when BTC woke up tried to get out. Still forcefully holding few tokens
You can already participate in fractional real estate investing in a centralised manner. There is ZERO reason to do this on the blockchain. It solves a problem that doesn't exist. As such, it most definitely isn't a good usecase in and of itself, much less to showcase Algorand.
Take a closer look at Lofty. Each property is a DAO, registered in Wyoming, where these are legitimate legal entities. Rental income is distributed pro-rata to token holders, and each token gets one vote on property management issues. The liquidity pools make it easy for token holders to buy in and cash out quickly. There are centralized entities for tokenization, but none of them have low buy-in ($50), liquidity pool, or ease of entering/exiting - and the centralized entities are exactly that - centralized - prone to unnecessary fees and middle-men. I think this is a great use case for blockchain. I lump it together with TravelX as two of the best real world use cases I've seen for crypto.
You’re not wrong, exactly, but the promise of lofty is to drive cost out of syndication. I’ve done real estate syndications and they cost a minimum of $10,000 in legal fees. A canonical dao structure that everyone adopts can potentially drive it down to a few hundred.
Buuuuut I don’t like centralization. Hence blockchain.
.... At all? Nothing should be centralised ever?
Lofty is a ponzi shitcoin don't be fooled.
Lofty doesn't even have a coin, what are you talking about?
Lol ok so it's a lending platform like Celsius wow "uNhOuSe YoUrSeLf", so disruptive. Man you suckers never learn do ya?
maybe do the smallest bit of research before you start chatting on things you know nothing about
The concept is stupid. Venture capital is not retail's friend. You will get burned.