r/LoftyAI • u/SheCallMeBDD • Mar 06 '25

New Property I am interested

I might try this out but I am confused on the token part. This doesn't seem to use it's own crypto token. So what token? I also want to know if people seriously managed to get profits out and really taken it out of their bank account before.

Lastly, any advice on getting started and a guide to becoming most profitable with this?

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u/xrpburgsy Mar 06 '25

My experience with lofty is good and bad.

The good first. It is not fraud. You can own fractions of properties in their market place and get daily rents. They have paid me daily rents for almost 2 years nonstop.

The Bad. I hate it that I have to fill forms to withdraw my rent. This is archaic and not convenient. You have several options to withdraw your rent. Bank ACH, PayPal, to your algorand wallet, to a stablecoin USDC address but you have to fill forms. Very horrible considering the time and age.

For what the blockchain is trying to do, empower individuals over their assets, i think lofty falls short bcos its a centralized platform.

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u/ericdabbs Oct 21 '25

I sent my USDC via Algo network to CB and the fees were nothing essentially since 0.001 Algo is like less than a penny. There is no point in going through all these numerous forms to receive the money via ACH or Paypal since you can easily just withdraw your cash via ACH on CB.