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FAQ

View Frequently Asked Questions

Max Ball avatar
By Max1 author28 articles

General


Who is allowed to invest?
Learn how estimated property value is calculated
Can I propose my own governance vote?
What is an Algorand Wallet? Why do I need one?
What is the maximum number of tokens I can purchase in each property?
How are repairs handled?
Can I invest under an Entity like an LLC?
What happens if a property does not sell out?
Are Lofty properties purchased using debt?
Which blockchain is Lofty AI using to tokenize properties?
I purchased tokens via ACH (bank transfer) and still haven't received them, why?
How long after I pay will I receive tokens in my Algorand wallet?
Does my Ledger device work with Lofty?
Does the price of Algorand affect the price of Lofty Tokens?
How can I track the performance of my property?
What is the Property Manager's process and tenant selection criteria?
How long are properties held before they're sold?
Can I do a 1031 Exchange with Lofty properties?

Legal


Who legally has ownership of these properties?
How do we ensure each DAO LLC owns the deed on its property?
Am I liable if any lawsuits or accidents occur at the property?
What Happens If Lofty Goes Out Of Business?

Security


What happens if I lose access to my property tokens?
How to set up your Lofty Two-Factor Authentication (2FA)?
Does Lofty have a Clawback feature?
Do I have to submit my ID before I can participate?
Why is my ID verification taking so long?
Why do I need to fill in personal information, and is it encrypted?
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