In the innovative world of fractional real estate investment facilitated by BitStake, the traditional concept of property ownership undergoes a transformative shift. Here's a detailed explanation of who holds the deed to the house and who owns the property in the context of BitStake's platform:

1. Deed to the House:

• Traditional Deed Ownership: In traditional real estate transactions, the deed to a house is a legal document that serves as evidence of ownership. Typically, the deed is held by the individual or entity listed as the owner of the property in official land records.
• Digital Token Representation: With BitStake, the deed to the house undergoes a digital transformation. Instead of a physical document, ownership of the property is represented by digital tokens on the Ethereum blockchain or Gnosis Chain. These tokens serve as a digital equivalent of the traditional deed, providing proof of ownership in a secure and transparent manner.

2. Ownership of the Property:

• Fractional Ownership: BitStake introduces the concept of fractional ownership, allowing multiple investors to own fractions or shares of a property. Each fraction represents a proportional ownership stake in the property.
• Investor Ownership: Investors who purchase fractions of the property through BitStake become co-owners of the property alongside other investors. The total ownership of the property is divided among all investors based on the number of fractions they hold.
• Legal Framework: Despite the fractional ownership structure, each investor holds legal rights to their share of the property. These rights are protected by the legal framework governing real estate transactions and are enforced through smart contracts and legal agreements.

3. Governance and Control:

• Investor Governance: While investors collectively own the property through their fractional shares, governance and control ultimately lie with the investors themselves. Decisions regarding the property, such as rental agreements, property management, and potential sales, are made collectively by the investors.
• Transparent Governance: BitStake promotes transparency and democratic decision-making by providing investors with access to relevant information and facilitating communication among co-owners. Investors can participate in discussions, vote on important matters, and engage in the management of the property through the platform.

Conclusion:

In the BitStake ecosystem, the deed to the house undergoes a digital transformation, represented by digital tokens on the blockchain. Ownership of the property is distributed among multiple investors through fractional ownership, with each investor holding legal rights to their share of the property. Through transparent governance and collective decision-making, investors collaborate to manage and maximize the value of their investment in the property. BitStake empowers investors to participate in real estate ownership in a revolutionary way, unlocking the potential for wealth creation and financial growth in the digital age.