Which blockchain is Lofty AI using to tokenize properties?
We use the Algorand blockchain to host our token offerings. Algorand has advantages over blockchains like Ethereum and Solana:
- Algorand has minimal fees for transfers (only 0.001 ALGO), which is ideal for us to be able to pay you daily rent payments once the property is fully funded.
- Algorand Standard Assets use advanced smart contracts which enable us to automate many features of the platform.
- Algorand features one of the highest transaction throughput rates of all the blockchains, meaning you'll never sit and wonder when your tokens will arrive.