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ConstitutionDAO Price

(PEOPLE)

$0.00552
0.00%(5m)

1m5m15m1h8h1d1W
ConstitutionDAO (PEOPLE) Live Price Chart

    ConstitutionDAO Live Price Data

    The live price of ConstitutionDAO is 0.00552, with a total trading volume of 2160213.524 in the last 24 hours. The price of ConstitutionDAO changed by +1.47% in the past day, and its value has increased by +4.94% over the last week. With a circulating supply of 5.06B PEOPLE, the market cap of ConstitutionDAO is currently 27874896.36352963055794875800 , marking a +1.47% increase today. ConstitutionDAO currently ranks #595 in market cap.

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    Note: This data is for reference only.
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    PEOPLE(PEOPLE) Profile

    altRank595
    rate--
    Expand
    $0.00539
    $0.00567

    ATH
    $0.18519311
    Price Change (1h)
    0.00%
    Price Change (24h)
    +1.47%
    Price Change (7d)
    +4.94%
    Market Cap
    24h Volume
    Circulating Supply
    5.06B
    Max Supply
    5.06B

    About ConstitutionDAO

    • What is ConstitutionDAO (PEOPLE) Crypto?

      ConstitutionDAO (PEOPLE) was a unique crypto project that leveraged the decentralized autonomous organization (DAO) concept to crowdfund community contributions to bid for an original copy of the US Constitution. The single-purpose DAO was formed in November 2021 and went on to raise $47 million from its community to bid for the United States Constitution at a Sotheby’s auction.

      However, the DAO went defunct after it lost its bid and was unable to secure the artifact. PEOPLE is the native token of the ConstitutionDAO and serves as the governance token of the decentralized community.

      PEOPLE token holders were given voting rights within the ConstitutionDAO. It was devised to allow the DAO community members to vote on where the constitution would be placed had the DAO won the auction.

      Even though the DAO turned defunct after losing the auction and wound down its operations, the PEOPLE token went on to become a trending meme coin in the market. The token is still among the actively traded assets in the crypto market, experiencing considerable price action even in the absence of fundamentals.

    • How Does ConstitutionDAO Work?

      ConstitutionDAO was started as a crowdfunding campaign on the Ethereum blockchain. The purpose of the decentralized autonomous organization was to collect funds from its community to bid for one of 13 original copies of the United States Constitution at a Sotheby’s auction.

      PEOPLE, the governance token of the ConstitutionDAO crowdfunding project, would have empowered its holders to participate in the DAO community. While holding the token would not give them ownership rights.

      The DAO successfully raised $47 million but lost in the auction to hedge fund CEO and billionaire Ken Griffin. Although Griffin’s successful bid was only $43.2 million, the ConstitutionDAO felt it had insufficient funds to buy and manage the constitution with its collected funds.

      After losing the bid, the ConstitutionDAO decided to wind down its operations and announced that PEOPLE token holders could redeem or claim their tokens. Redeeming the token would allow PEOPLE holders to exchange their crypto for Ethereum at a ratio of 1 ETH : 1,000,000 $PEOPLE.

    • When Was ConstitutionDAO Founded?

      The origins of ConstitutionDAO can be traced back to a meme on social media. The idea started to evolve in response to a Sotheby’s announcement, with the DAO’s founding members trying out an experiment. They wanted to explore if the crypto community could rally together to crowdfund the project to democratize ownership of an iconic piece of history.

      ConstitutionDAO was founded by a core group of 30 people, including Jonah Erlich, to crowdfund a bid for an original copy of the US constitution. The DAO posted its first tweet on its Twitter account on November 12, six days before Sotheby’s was scheduled to conduct the auction.

      In less than one week, the DAO’s mission went viral via memes over social media. ConstitutionDAO raised around $47 million in ETH from more than 17,000 contributors. The DAO’s Discord server managed membership of over 20,000 users in just over a week.

      The DAO used Juicebox, a popular crowdfunding platform, to raise funds from its community. When it announced its dissolution, Constitution DAO allowed $PEOPLE holders to claim their refunds via Juicebox.

    FAQ

    • How much is 1 ConstitutionDAO (PEOPLE) worth?

    • Is ConstitutionDAO (PEOPLE) a Good Investment?

    • What is the ConstitutionDAO Price Prediction?

    • What is PEOPLE Token Used For?

    • How to Claim Refund for PEOPLE Token

    • How to Redeem $PEOPLE in Exchange for ETH

    • What is the all-time high price of ConstitutionDAO (PEOPLE)?

    • What is the all-time low price of ConstitutionDAO (PEOPLE)?

    • How much ConstitutionDAO (PEOPLE) is there in circulation?

    • How do I store ConstitutionDAO (PEOPLE)?