Coin-related
Price calculator
Price history
Price prediction
Technical analysis
Coin buying guide
Crypto category
Profit calculator
ConstitutionDAO pricePEOPLE
How do you feel about ConstitutionDAO today?
Price of ConstitutionDAO today
What is the highest price of PEOPLE?
What is the lowest price of PEOPLE?
ConstitutionDAO price prediction
When is a good time to buy PEOPLE? Should I buy or sell PEOPLE now?
What will the price of PEOPLE be in 2025?
What will the price of PEOPLE be in 2030?
ConstitutionDAO price history (USD)
ConstitutionDAO market information
ConstitutionDAO ratings
About ConstitutionDAO (PEOPLE)
What Is ConstitutionDAO?
ConstitutionDAO is a decentralized autonomous organization (DAO). Established in November 2021, this DAO was formed with a singular and historic objective: to purchase an original copy of the United States Constitution. Utilizing the Ethereum blockchain, ConstitutionDAO epitomized the power of collective action in the digital age, rallying a vast number of contributors who collectively raised a staggering $47 million in Ether cryptocurrency. Despite this impressive feat, the DAO faced a setback when it lost the Sotheby's auction with a bid of $43.2 million, falling short against a higher bid. This event marked a significant moment in the intersection of cryptocurrency, collective action, and historical artifacts.
The aftermath of the auction was as noteworthy as the bidding itself. ConstitutionDAO announced its intention to refund the contributions, though this process was complicated by the inherent transaction fees associated with Ethereum. This led to a situation where some contributors faced high fees, sometimes exceeding the value of their initial donation. The DAO's journey, while short-lived, captured the imagination of many and demonstrated the potential of DAOs to mobilize resources and people for unique causes. It also highlighted the challenges and complexities inherent in such decentralized fundraising efforts.
Resources
Official Website: https://www.constitutiondao.com/
How Does ConstitutionDAO Work?
ConstitutionDAO leveraged the Ethereum blockchain to create a decentralized platform where individuals could contribute funds with the collective goal of acquiring a historical artifact. The use of cryptocurrency, specifically Ether, allowed for a swift and broad-based fundraising campaign, tapping into a global network of crypto enthusiasts and history buffs alike. The DAO's structure enabled a democratic and transparent process, where each contributor became a part of this unique endeavor.
After losing the auction, the DAO faced the complex task of refunding the raised funds. This process was hampered by the high transaction fees on the Ethereum network, which posed a significant burden for many contributors. The refund process underscored the practical difficulties of managing large-scale financial transactions on blockchain platforms, especially when dealing with refunds and the variable costs of transaction fees.
What Is PEOPLE Token?
PEOPLE is the native token of ConstitutionDAO. Initially, these tokens were integral to the DAO's crowdfunding campaign, representing the contributions of individuals in the collective effort to purchase the Constitution. With a total supply of 5.06 billion, all PEOPLE tokens are currently in circulation.
Following the unsuccessful bid and the subsequent disbanding of ConstitutionDAO, the PEOPLE token currently lacks utility or purpose. However, it can be redeemed for ETH at the same rate as during the crowdfunding phase.
PEOPLE to local currency
- 1
- 2
- 3
- 4
- 5
How to buy ConstitutionDAO(PEOPLE)
Create Your Free Bitget Account
Verify Your Account
Buy ConstitutionDAO (PEOPLE)
Trade PEOPLE perpetual futures
After having successfully signed up on Bitget and purchased USDT or PEOPLE tokens, you can start trading derivatives, including PEOPLE futures and margin trading to increase your income.
The current price of PEOPLE is $0.04193, with a 24h price change of +0.80%. Traders can profit by either going long or short onPEOPLE futures.
Join PEOPLE copy trading by following elite traders.
ConstitutionDAO news
If Trump is ultimately elected, it can be seen as a positive development, but in the short term, it may face pressure for a price correction.
ConstitutionDAO Social Data
In the last 24 hours, the social media sentiment score for ConstitutionDAO was 3, and the social media sentiment towards ConstitutionDAO price trend was Bullish. The overall ConstitutionDAO social media score was 150, which ranks 648 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with ConstitutionDAO being mentioned with a frequency ratio of 0.01%, ranking 180 among all cryptocurrencies.
In the last 24 hours, there were a total of 284 unique users discussing ConstitutionDAO, with a total of ConstitutionDAO mentions of 112. However, compared to the previous 24-hour period, the number of unique users increase by 11%, and the total number of mentions has increase by 87%.
On Twitter, there were a total of 2 tweets mentioning ConstitutionDAO in the last 24 hours. Among them, 0% are bullish on ConstitutionDAO, 0% are bearish on ConstitutionDAO, and 100% are neutral on ConstitutionDAO.
On Reddit, there were 15 posts mentioning ConstitutionDAO in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 25% .
All social overview
3