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How to Buy ConstitutionDAO (PEOPLE)

Price of ConstitutionDAO (24h)$0.0829501202119233price-24h-img6.57%Log In to Buy ConstitutionDAO(PEOPLE)BtnArrowRight
Interested in buying ConstitutionDAO (PEOPLE) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy ConstitutionDAO (PEOPLE) instantly wherever you are! Check out all the ways you can buy PEOPLE on KuCoin.

Buy ConstitutionDAO (PEOPLE) on KuCoin in Four Simple Steps

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Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.
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Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.
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Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.
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Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.
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Buy ConstitutionDAO (PEOPLE)

Use a variety of payment options to buy ConstitutionDAO on KuCoin. We'll show you how.

Choose How You Want to Buy ConstitutionDAO on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying ConstitutionDAO (PEOPLE).
1

Buy ConstitutionDAO (PEOPLE) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy ConstitutionDAO (PEOPLE). Here's how to buy:
1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.
2. Transfer your crypto to a KuCoin Trading Account. Find your desired ConstitutionDAO (PEOPLE) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for ConstitutionDAO (PEOPLE).
RemarkImgTip: KuCoin offers a variety of order types to buy ConstitutionDAO (PEOPLE) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.
3. As soon as your order is successfully executed, you will be able to see your available ConstitutionDAO (PEOPLE) in your Trading Account.
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Get Your First ConstitutionDAO (PEOPLE) with KuCoin

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How to Store ConstitutionDAO (PEOPLE)

The best way to store ConstitutionDAO (PEOPLE) varies based on your needs and preferences. Review the pros and cons to find the best method of storing ConstitutionDAO (PEOPLE).

Store ConstitutionDAO in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your ConstitutionDAO in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your ConstitutionDAO (PEOPLE) to a non-custodial wallet. Storing ConstitutionDAO (PEOPLE) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your ConstitutionDAO (PEOPLE) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your ConstitutionDAO (PEOPLE).

What Can You Do with ConstitutionDAO (PEOPLE) on KuCoin?

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Hold

Store your ConstitutionDAO (PEOPLE) in your KuCoin account.
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Trade

Trade ConstitutionDAO (PEOPLE) in the spot and futures markets.
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Earn

Earn passive income by staking or lending ConstitutionDAO (PEOPLE).

Why Is KuCoin the Best Platform to Buy ConstitutionDAO (PEOPLE)?

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Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.
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High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.
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Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy ConstitutionDAO and trade it against various digital assets on KuCoin.
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Intuitive Interface

Buying ConstitutionDAO (PEOPLE) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain PEOPLE in an instant when you buy on KuCoin.

FAQ

Is Compound (COMP) a Good Investment?

Investing in Compound (COMP) offers several potential advantages, especially for those interested in the DeFi sector.

1. Governance Participation

COMP holders have the power to influence the direction and policies of the Compound protocol. This includes proposing changes, voting on proposals, and shaping the platform's future development.

2. Potential for Appreciation

> Asset Appreciation: The value of COMP tokens can increase as the Compound protocol grows in popularity and usage. As more users lend, borrow, and engage with the platform, demand for COMP may rise, potentially leading to price appreciation.

> Speculative Investment: Like other cryptocurrencies, COMP offers speculative investment opportunities. Investors anticipating growth in the DeFi sector might view COMP as a way to gain exposure to this emerging market.

3. DeFi Sector Growth

> Access to a Growing Sector: The DeFi sector has been rapidly expanding, offering innovative financial services outside of traditional banking. Investing in COMP provides exposure to this growth, as Compound is a foundational protocol within the DeFi ecosystem.

> Innovation and Development: Compound has been at the forefront of DeFi innovation, introducing concepts like liquidity mining. The protocol may present new opportunities and functionalities for users and investors as it evolves.

4. Earning Opportunities

> Liquidity Mining: Users can earn COMP tokens as rewards by participating in the protocol (e.g., lending or borrowing). This not only provides governance power but also an additional stream of income.

> Interest Earnings: Lenders on the Compound platform earn interest on their supplied assets. The dynamic interest rates adjust based on supply and demand, potentially offering competitive returns compared to traditional savings accounts.

5. Diversification

Including COMP in a diversified cryptocurrency portfolio can spread risk across different assets and sectors within the blockchain ecosystem.

What Is Compound Crypto Price Prediction?

Although we cannot provide a reliable COMP price prediction over any timeframe, monitoring the following factors could help you understand the price trends in the Compound cryptocurrency:

1. Protocol Adoption and Usage

> User Growth: An increase in the number of users lending, borrowing, and otherwise engaging with the Compound protocol can drive demand for COMP tokens, as they are integral to governance and earning rewards.

> Total Value Locked (TVL): The total value of assets deposited in the Compound protocol influences its market perception and influences the Compound coin price. Higher TVL indicates greater protocol usage and can positively affect the COMP price.

2. DeFi Market Trends

> Overall DeFi Sector Growth: The growth and adoption of DeFi platforms can lead to increased interest in foundational protocols like Compound, supporting the COMP to USD price. As the DeFi space expands, COMP may benefit from broader market enthusiasm.

> Competitor Performance: The introduction of new features, services, or yield opportunities by competing DeFi protocols can impact Compound's market share and, consequently, the COMP crypto price.

3. Governance and Protocol Developments

> Governance Proposals: Decisions made by COMP token holders regarding changes to the protocol, such as adjustments to interest rates or the introduction of new collateral types, can affect user engagement and token demand, impacting the Compound crypto price.

> Protocol Upgrades: Innovations and enhancements that improve the security, usability, or features of the Compound protocol can attract more users and investment, potentially driving up the COMP coin price.

4. Market Sentiment and Speculation

> Investor Sentiment: General sentiment towards cryptocurrencies and the DeFi sector can influence COMP's price. Positive news, technological advancements, and mainstream adoption can drive up the $COMP price, while negative events can lead to declines.

> Speculation: Like other cryptocurrencies, COMP is subject to speculative trading. Traders' expectations about future developments and price movements can cause volatility.

5. Macro-Economic Factors

> Global Economic Conditions: Economic trends, such as inflation rates, interest rates, and the performance of traditional financial markets, can influence investor behavior and risk appetite, impacting the crypto market and the COMP token price.

> Cryptocurrency Market Dynamics: Broader crypto market trends, including the performance of major cryptocurrencies like Bitcoin and Ethereum, can affect the entire sector, including DeFi tokens like COMP.

How to Earn on Compound DeFi Protocol

Earning on Compound (COMP) involves engaging with the protocol through its lending and borrowing features and participating in its governance system. Here’s a guide to the main methods for earning on Compound:

1. Earn Interest by Lending

> Supply Assets: You can earn interest on Compound by supplying cryptocurrencies to the protocol. When you supply assets to Compound, you receive cTokens in return. These cTokens represent your stake in the liquidity pool plus the interest that accrues over time.

> Interest Accrual: The interest rate depends on each asset's supply and demand dynamics within the protocol. As borrowers pay interest on loans, a portion of this interest is distributed to the lenders. The more your asset is in demand, the higher the interest rate you could earn.

2. Earn COMP through Liquidity Mining

> Participate in Protocol: Users who lend or borrow assets on Compound automatically earn COMP tokens in addition to any interest earned or paid. This process, known as liquidity mining, is designed to incentivize participation in the protocol.

> Active Participation: The amount of COMP you can earn depends on the amount of assets you have supplied or borrowed. The protocol distributes a certain amount of COMP tokens daily among all users, divided according to each user's contribution to the protocol's liquidity.

3. Borrow and Leverage Strategies

> Borrow to Leverage or Arbitrage: Some users borrow assets to pursue leverage strategies or arbitrage opportunities across different platforms. While this can be riskier and requires a sophisticated understanding of the market, it can also offer opportunities to earn if executed correctly.

> Strategic Borrowing: By carefully selecting which assets to borrow and lend, users can maximize their COMP earnings while managing their borrowing costs. This often involves staying updated on the current interest rates and COMP distribution rates.

4. Participate in Governance

> Vote or Propose Changes: Holding COMP tokens gives you the right to participate in the governance of the Compound protocol. While this might not directly earn you more COMP, influencing the protocol’s development can enhance its value and effectiveness, potentially increasing the value of your COMP holdings.

How to Stake COMP on Compound

Staking COMP on Compound involves participating in the governance of the protocol. Unlike traditional staking mechanisms, where tokens are locked up to earn rewards directly, staking COMP is more about engaging in the governance process, which indirectly benefits the protocol and can potentially increase the value of COMP tokens. Here's how you can participate in governance by using your COMP tokens:

1. To participate in the governance of Compound, you first need to own COMP tokens. You can purchase COMP on KuCoin and transfer your tokens to your crypto wallet.

2. Ensure your COMP tokens are in a wallet that can interact with DeFi protocols, such as MetaMask, Coinbase Wallet, or Ledger. This is necessary to interact with the Compound governance dashboard.

3. Go to the Compound Governance Dashboard. This can be found on the Compound website or directly through the governance portal URL.

4. Connect your wallet to the governance dashboard. You'll typically see a "Connect Wallet" button on the dashboard. Select your wallet provider and follow the prompts to connect.

5. Delegate Voting Rights:

> Delegate to Yourself: If you wish to participate in voting directly, you can delegate your voting rights to yourself. This means you can vote on proposals with the COMP tokens you own.

> Delegate to Another Address: Alternatively, if there's someone else or a third party you trust to make governance decisions, you can delegate your voting rights to them. This could be beneficial if they have more expertise or if you prefer to be passive in governance.

6. Once you've delegated your voting rights, you're ready to participate in governance. This involves:

> Voting on Proposals: You can vote on various proposals that affect the Compound protocol. This could include changes to the protocol's parameters, adding new assets, or adjusting the interest rate model.

> Creating Proposals: If you have a sufficient amount of COMP delegated to you (including the COMP you own), you can create proposals for changes to the protocol. This requires a deep understanding of the protocol and its community consensus.

7. Keep an eye on new proposals and the outcomes of votes. Engaging with the community through forums and discussion boards can also provide insights into the governance process and help you make informed decisions.

ConstitutionDAO (PEOPLE) Price Analysis

Live Price

The live price of PEOPLE is 0.08351 USD, representing an increase of 42.72% in the past 7 days and 6.57% increase in the past 24 hours.

Historical Trends

The all-time high of PEOPLE was 0.18519 USD on 12-22, 2021, from which the coin is now down -54.90%.
The all-time low of PEOPLE was 0.0007 USD, from which the coin is now up 99.15%.
0.000709875438770561
$ 0.18519

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Disclaimer

Given the nature of the crypto market, the price of ConstitutionDAO (PEOPLE) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.