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ConstitutionDAO was a one-time decentralized autonomous organization (DAO) launched in November 2021 to purchase a rare original copy of the US Constitution in a Sotheby’s auction. The project raised over $47 million worth of Ether from thousands of contributors in just a few days. It uses blockchain for transparent, decentralized decision-making, with the PEOPLE token giving holders voting rights.
ConstitutionDAO (PEOPLE) was formed in November 2021 by some Web3 enthusiasts with the stated goal of buying a copy of the US Constitution at a Sotheby’s auction.
• PEOPLE token: The PEOPLE token functions primarily as a community-driven meme coin. Users can buy, sell, or hold it on crypto exchanges, like other cryptos.
• Historical significance: ConstitutionDAO’s origins mark one of the most famous decentralized crowdfunding campaigns in crypto history.
• Memecoin appeal: ConstitutionDAO’s PEOPLE token transitioned into a community-driven meme token, which helps sustain long-term interest in the crypto market.
• Community-driven: The project operated as a fully DAO, and despite its original mission ending, its community continues to support the PEOPLE token.
PEOPLE is an interesting case in the crypto world as it started with the stated mission to buy one of the last remaining original copies of the US Constitution at a Sotheby’s auction. Although the DAO ultimately lost the bid, the event became a milestone in Web3 history. After the auction, the original purpose of the token disappeared, and no formal roadmap was introduced, meaning PEOPLE has no inherent utility, staking system, or development plans. Despite this, PEOPLE has developed a cult-like following as a meme coin with historical significance. Its value now comes mainly from community sentiment and speculative trading, rather than tangible use cases.
You can buy PEOPLE from crypto platforms like CoinSwitch.
• PEOPLE can be bought and traded on crypto platforms like CoinSwitch.
• Even though the DAO is dissolved, the PEOPLE token can be used for governance-related experiments in the future.
• ConstitutionDAO promotes transparent operations through blockchain technology.
• ConstitutionDAO is backed by a strong community with global participation.
• PEOPLE continues to trade actively despite the DAO’s original mission ending.
• PEOPLE is subject to market volatility like all cryptos.
• The platform has no ongoing structured roadmap or development plans.
• The governance activity on ConstitutionDAO has decreased since the initial campaign.
• Start investing in PEOPLE with just ₹100.
• CoinSwitch provides a seamless and intuitive trading experience for users.
• Easily manage your transactions and portfolio on the app.
ConstitutionDAO conducted its public token sale on November 18, 2021, raising approximately $22 million by offering 5.06 billion PEOPLE tokens, accounting for about 97.2% of the total token supply. Shortly after, the Token Generation Event (TGE) occurred on November 19, 2021, launching the token at a listing price of about $0.0039. Following that, a small IEO took place on Gate.io on November 27, 2021, raising around $61,700 by distributing 1.25 million PEOPLE tokens.
Simon's Cat
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1. What is Succinct (PROVE)?
Succinct is an Ethereum-based decentralized proof network that connects requesters and provers in a marketplace to deliver scalable zero-knowledge proofs for blockchains, AI, bridges, and games. It is powered by the PROVE token.
2. Is PROVE a good investment?
PROVE shows promise as it powers a growing zero-knowledge proof marketplace, but its early-stage status and market volatility mean it carries investment risks.
3. What are the main uses of the PROVE token?
PROVE is used to pay for ZK-proofs, secure the network through staking, and enable governance via delegated voting.
4. Where can I buy PROVE?
You can buy and trade PROVE on platforms like CoinSwitch starting from just ₹100.
Highlight
ConstitutionDAO is an experimental decentralized autonomous organization (DAO) that made headlines when it leveraged blockchain technology to crowdfund the purchase of a rare copy of the US Constitution.
PEOPLE Price Today
PEOPLE Price
₹0
Price Change 24h
0%
Price Change 7d
17.82%
Market Rank
#549
Market Cap
₹313 Cr.
Trade Vol 24h
₹165 Cr
Circulating Supply
₹506 Cr. PEOPLE
Trading Activity
67% Buy33% Sell
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
