
ConstitutionDAO PricePEOPLE
PEOPLE/USD price calculator
Live ConstitutionDAO Price Today in USD
Do you think the price of ConstitutionDAO will rise or fall today?
ConstitutionDAO Market Info
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.
AI analysis report on ConstitutionDAO
ConstitutionDAO Price History (USD)
What is the highest price of ConstitutionDAO?
What is the lowest price of ConstitutionDAO?
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 2026?
What will the price of PEOPLE be in 2031?
Hot promotions
Global ConstitutionDAO Prices
How to buy ConstitutionDAO(PEOPLE)

Create Your Free Bitget Account

Verify Your Account

Convert PEOPLE to USD
FAQ
What is the current price of ConstitutionDAO?
What is the 24 hour trading volume of ConstitutionDAO?
What is the all-time high of ConstitutionDAO?
Can I buy ConstitutionDAO on Bitget?
Can I get a steady income from investing in ConstitutionDAO?
Where can I buy ConstitutionDAO with the lowest fee?
Related cryptocurrency prices
Where can I buy ConstitutionDAO (PEOPLE)?
Video section — quick verification, quick trading

PEOPLE/USD price calculator
PEOPLE resources
Bitget Insights





Trade
Earn
PEOPLE/USDT
SpotPEOPLE/USDT
MarginPEOPLE/USDT
USDT-M FuturesPrices of newly listed coins on Bitget
