Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

What is ConstitutionDAO (PEOPLE)?

ConstitutionDAO basic info

Name:ConstitutionDAO
Ticker:
PEOPLEBuy now
Introduction:

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.

Show more
Current price:
All-time high:$0.1852
All-time low:$0.0007099

PEOPLE supply and tokenomics

Circulating supply:5,060,137,500 PEOPLE
Total supply:5,060,137,334.7 PEOPLE
Max supply:0 PEOPLE
Market cap:$216.24M
Fully diluted market cap:$216.24M
Tokenomics:

Uniqueness

ConstitutionDAO claims to be a decentralized autonomous organization. Its goal is to auction an original copy of the U.S. Constitution at Sotheby's auction house and to raise funds from residents of the crypto world. More than 17,437 people contributed $47 million. PEOPLE is a donation certificate given by ConstitutionDAO to contributors, and it became a community autonomy token after ConstitutionDAO failed in the auction.

Token utility

PEOPLE 是由 ConstitutionDAO 在去中心化众筹平台 JuiceBox 上发行的基于捐赠证明的 ERC-20 代币,代表 DAO 的治理权。众筹期间,捐赠 1 ETH 即可获得 1,000,000 PEOPLE 代币。

Links

Buy ConstitutionDAO for $1Buy PEOPLE now

What is the development prospect and future value of PEOPLE?

The market value of PEOPLE currently stands at $216.24M, and its market ranking is #283. The value of PEOPLE is not widely recognized by the market. When the bull market comes, the market value of PEOPLE may have great growth potential.

As a new type of currency with innovative technology and unique use cases, PEOPLE has broad market potential and significant room for development. The distinctiveness and appeal of PEOPLE may attract the interest of specific groups, thereby driving up its market value.

What will the price of PEOPLE be in 2025?
Based on PEOPLE's historical price performance prediction model, the price of PEOPLE is projected to reach $0.06147 in 2025.
What will the price of PEOPLE be in 2030?
In 2030, the PEOPLE price is expected to change by -12.00%. By the end of 2030, the PEOPLE price is projected to reach $0.08084, with a cumulative ROI of +92.18%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of PEOPLE and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is PEOPLE worth investing or holding? How to buy PEOPLE from a crypto exchange?

If you want to buy PEOPLE, the following information may be helpful for your investment decisions:
In the last 7 days, the price of PEOPLE has fallen by -29.11%, leading to negative returns for most PEOPLE investors. The market is currently pessimistic about the price trend of PEOPLE.
It is important to note that the current price of PEOPLE has retreated by -76.92% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether PEOPLE is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in PEOPLE or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of PEOPLE, if you want to buy or sell PEOPLE, you can consider Bitget for your trading needs. The best place to buy PEOPLE is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in ConstitutionDAO has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy ConstitutionDAO. Here's a step-by-step guide on how to buy ConstitutionDAO on Bitget.

How to get ConstitutionDAO through other methods?

Using cash to buy ConstitutionDAO is not the only way to obtain ConstitutionDAO. If you have the time to spare, you can get ConstitutionDAO for free.
Learn how to earn ConstitutionDAO for free through the Learn2Earn promotion.
Earn free ConstitutionDAO by inviting friends to join Bitget's Assist2Earn promotion.
Receive free ConstitutionDAO airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to ConstitutionDAO through Bitget Convert, Bitget Swap, or spot trading.

What is ConstitutionDAO used for and how to use ConstitutionDAO?

The use case of ConstitutionDAO may expand as the crypto market and the project itself develop. Currently, you can use PEOPLE to achieve the following goals:
Arbitrage by trading PEOPLE: Since PEOPLE is a frequently traded cryptocurrency, the price of PEOPLE is always fluctuating. Earn more PEOPLE by buying low and selling high on the exchange. Bitget spot market provides a variety of PEOPLE trading pairs to fully meet your needs.
Earn by staking PEOPLE: You can also generate income through financial management methods such as staking PEOPLE or lending PEOPLE. Bitget Earn offers a variety of financial products designed to help you earn more income from your PEOPLE.
Send or pay PEOPLE: If you want to give PEOPLE to your friends, a charity, or a fundraiser, or you want to pay someone with PEOPLE, you can quickly and easily send PEOPLE to the recipient through their payment address.
You can also go to the official website of the ConstitutionDAO project to learn more about the use cases of PEOPLE. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

ConstitutionDAO Wiki

Learn more about ConstitutionDAO

Learn about other cryptos

New listings on Bitget

New listings

Recently added coin prices

More
A selection of recently added coins

Trending coin prices

More
Assets with the biggest change in unique page views on Bitget.com over the past 24 hours

Where can I buy ConstitutionDAO (PEOPLE)?

Buy crypto on the Bitget app
Sign up within minutes to purchase crypto via credit card or bank transfer.
Download Bitget APP on Google PlayDownload Bitget APP on AppStore
Trade on Bitget
Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.

PEOPLE resources

Tags

Contracts
MoreMore
https://img.bitgetimg.com/multiLang/develop/web/ETH.png
Ethereum
0x7a58...0736c71
copy
wallet
Links
ConstitutionDAO WebsiteConstitutionDAO WhitepaperConstitutionDAO TwitterConstitutionDAO Github

PEOPLE price calculator

More >
PEOPLE
USD
1 PEOPLE = 0.04290 USD
Last updated (UTC-0)
Buy PEOPLE now