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ConstitutionDAO (PEOPLE)

Purpose: Meme
Website: https://www.constitutiondao.com/
Coingecko Infos

Price for 1 PEOPLE

0,0585 $

-3,16 %

Rank: 266 - Market Cap: 0,30 bn $

ConstitutionDAO is a decentralized autonomous organization (DAO) created with the aim of bidding on the original copy of the United States Constitution which is set for auction by Sotheby's moreConstitutionDAO is a decentralized autonomous organization (DAO) created with the aim of bidding on the original copy of the United States Constitution which is set for auction by Sotheby's. The goal of ConstitutionDAO is to pool resources from participants in the DAO and utilize them to successfully bid and acquire the historic document.

Possible benefits of ConstitutionDAO include the preservation of a piece of history, decentralization of ownership, and potential financial returns to participants. By acquiring the original copy of the Constitution, ConstitutionDAO aims to ensure that the document is kept in public hands and is accessible to scholars and citizens. Decentralization of ownership through the use of a DAO ensures that no single entity holds majority control over the document.

PEOPLE token is the native token of ConstitutionDAO, and serves as a means of governance and participation for members of the DAO. Token holders are able to vote on key decisions, such as how much to bid on the Constitution, how to store and display the document, and whether or not to sell the document for a profit in the future.

As of November 19, 2021, the ConstitutionDAO had raised over $45 million in ETH and DAI, making it one of the largest DAOs in history. The auction for the original copy of the Constitution is set for November 18, 2021, with the starting bid set at $15 million.

Sources:

1. ConstitutionDAO website: https://www.constitutiondao.org/
2. “ConstitutionDAO Raises $45M+ in Crypto to Bid on Original U.S. Constitution,” CoinDesk, November 16, 2021: https://www.coindesk.com/business/2021/11/16/constitutiondao-raises-45m-in-crypto-to-bid-on-original-us-constitution/
3. “ConstitutionDAO's New Challenge: Governance,” Decrypt, November 18, 2021: https://decrypt.co/92413/constitutiondaos-new-challenge-governance-and-moving-on-from-the-constitution (AI generated summary)

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Usability:

Mobile App

Beginner friendly

Easy crypto withdrawal

No KYC needed

Features:

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Many Coins

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Biggest Exchange

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Price for 1 PEOPLE

0,05851 $

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ConstitutionDAO (PEOPLE) Chart

PEOPLE trending in the last 30 days

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Trending on Coingecko

Trending on Coingecko

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Trending on Coinmarketcap

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High Trading volume

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