Lofty AI Platform Dashboard
Question
Some of the questions answered in the previous Lofty AI bounty
- Rank the properties listed by LoftyAI based on total token investment price. (Each property has its own asset created by the address 'LOFTYRITC3QUX6TVQBGT3BARKWAZDEB2TTJWYQMH6YITKNH7IOMWRLC7SA').
- How many wallets have bought a token for at least one property?
- What wallet has invested in the most Lofty AI properties? How many properties are they invested in?
Methodology
- Find interesting metrics to help analyze the success of Lofty AI
- Find the most invested projects and display them
Introduction and Glossary
What is Algorand?
Algorand is a blockchain that has its own cryptocurrency, ALGO. It has some special features for instance finality that means once something is added to the blockchain it cannot be removed. The blockchain itself works as a payment processor and one of the major benefits as well is that it only takes one ALGO to begin staking and earning rewards, while also keeping the blockchain secure.
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What is Lofty AI?
Lofty AI is the new tokenized way to invest into real estate. Each investment token is worth $50. One of the biggest problems with investing in real estate is the high barriers to entry and this platform allows individuals to get into real estate, by essentially buying stocks in them. By using this platform you can buy a token in current cash flowing rental properties starting at just $50. All of the properties are operational meaning that they have a property manager and the day you invest is the day you start earning rental income. There are also no lock up periods or minimums if you want to sell. You just sell your tokens and get out.
Top 20 User Metrics
The first graph you will see is the there is one account that has the most properties and that is actually the creator address. If you look at the other user address’s you will notice that the most amount of properties one person is invested in is 28. From there it goes down, but it does seem that most of the top 20 users are in less than 10 properties, meaning it is more likely that the average or common user would be only in one or two properties not too many
Comparing the Lofts
Lofty AI has been around for about 4 years and we can see that although there are only about 7,000 unique users, however, the amount of money that these different users have put into Lofty AI is proof that this may be a solid way to get into real estate. There are 136 different properties and people can own various amounts of however many they would like to. Lofty 621 E Le Claire Rd accounts for over 10% of all the money invested into this platform, which is quite a lot. Currently you can see the amount of money that is in these different investment properties. Most of them are around $100,000
Conclusion
- Lofty AI has been around for nearly 4 years and has not seen dramatic growth
- There has been a lot that has happened in terms of the market crash and covid that could have halted
- The idea has been proven to work
- There are 136 different property investments to choose from
- The top projects have millions invested
- The top users have invested 1,000 of times
- Lofty AI could represent the beginning of the crypto and real estate market