According to the lore of "Starbound", what does the "Colony Deed" do when it is placed down?

According to the lore of Starbound, when a colony deed is placed down, it functions by sending out an advertisement inviting someone to move in and inhabit the designated area. This ensures that the plot of land becomes an attractive and desirable location for potential settlers. By broadcasting its availability, the colony deed actively seeks out individuals who are seeking a new home, thereby expanding the population and enhancing the overall development of the starbound universe.