Off-Ramping Process

The off-ramping process allows property token holders to convert their on-chain ownership back to traditional real-world ownership structures. This process is essential for property owners who wish to exit the blockchain ecosystem while maintaining clear title to their property.

Token Burning and Off-Ramping

The off-ramping process centers around the token burning operation, which is implemented through the burn() and burnBatch() functions in the Fabrica token contract:

function burn(
    address from,
    uint256 id,
    uint256 amount
) public whenNotPaused returns (bool success)

function burnBatch(
    address from,
    uint256[] memory ids,
    uint256[] memory amounts
) public whenNotPaused returns (bool success)

Implications of Token Burning

When a token is burned:

1. Supply Reduction: The total supply of the token is permanently reduced. If the whole supply is burned, the property is fully off-ramped and meant to be operated through the traditional off-chain jurisdiction
2. Ownership Transfer: The legal ownership is explicitly transferred from the holding entity to the last beneficial owner as determined onchain
3. Record Updates: County records are updated to reflect the change in ownership structure
4. Holding Entity Dissolution: If a holding entity was used, it is dissolved as part of the process

Off-Ramping Steps

The complete off-ramping process involves several coordinated steps:

1. Initiation: The token holder initiates the off-ramping process through the Fabrica platform
2. Legal Documentation: Preparation of necessary legal documents to transfer ownership from the token-based structure
3. Token Burning: Execution of the burn() function to destroy the token
4. Title Transfer: Processing of title transfer documents with county records
5. Confirmation: Final verification that the property has been successfully off-ramped

Regulatory Considerations

The off-ramping process must comply with:

• Local real estate transfer regulations
• Tax reporting requirements
• Any applicable KYC/AML procedures

Timeline and Costs

The off-ramping process typically takes a few hours or days to complete, depending on the jurisdiction.

Off-ramping represents the final stage in the property token lifecycle, providing a clear exit path for token holders while maintaining the integrity of property ownership records.

Emergency Hatch Off-Ramp

To ensure property owners can always off-ramp their properties, even if the Fabrica platform is offline, several methods are available:

1. Emergency Burner App (https://burner.fabrica.land): A standalone DApp allowing users to independently burn their tokens. It utilizes a simplified, separate technology stack, ensuring accessibility even if the main Fabrica application is unavailable.
2. Direct Smart Contract Interaction: Users can directly invoke the burn() function on the Fabrica smart contract via Etherscan, independently burning their tokens without the Fabrica interface.
3. Legal Templates: Fabrica provides clear legal templates enabling property owners to independently transfer the legal title back into their names at the local jurisdiction level. The Fabrica Trust instrument is explicitly designed to facilitate this process independently or with assistance from legal counsel, ensuring continuous accessibility irrespective of Fabrica's operational status.