The current price of ConstitutionDAO is $0.038810. Over the last 24 hours, ConstitutionDAO has increased by +0.52%. It currently has a circulating supply of 5,066,448,921 PEOPLE and a maximum supply of 5,066,448,921 PEOPLE, giving it a fully diluted market cap of $196.22M. At present, the ConstitutionDAO coin holds the 165 position in market cap rankings. The ConstitutionDAO/USD price is updated in real-time.
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ConstitutionDAO was a decentralized autonomous organization (DAO) created to buy one of the 13 remaining physical copies of the Official Edition of the U.S. Constitution, auctioned at the premier auction house, Sotheby's. PEOPLE is the name and ticker symbol of ConstitutionDAO's token.
Started initially as a meme, ConstitutionDAO raised $47 million from 17,437 donors with a median donation size of $206.26. The DAO set the record for the highest crowdfund in less than 72 hours. They then formed a non-profit called Endaoment that could bid at Sotheby's on their behalf.
The ConstitutionDAO crowdfund was held via Juicebox, ConsitutionDAO's crowdfund partner. People who participated in the crowdfund were awarded PEOPLE tokens. If ConstitutionDAO had won the auction, PEOPLE holders could vote on proposals related to the purchased copy of the constitution.
However, since the DAO lost the auction, it is now officially dissolved. The multi-signature wallet burned the project's NFTs and its owner no longer has control over the collected funds. Participants can receive refunds, minus the gas fees, through the PEOPLE token.
PEOPLE price and tokenomics
You can redeem your donated funds in exchange for Ethereum (ETH) at a 1 ETH:1,000,000 PEOPLE ratio from Juicebox by paying the required gas fees. Redeeming your donations will burn PEOPLE tokens. PEOPLE price has been largely consistent and the community has plans to expand its use further.
About the founders
ConstitutionDAO was created in November 2021 by software engineer Jonah Elrich, one of the core contributors of the DAO, along with around 30 other people. It partnered with Alameda Research, Endaoment, FTX US, Juicebox, Morning Brew, and SyndicateDAO.
ConstitutionDAO: The road ahead
Some ConstitutionDAO members have sought to build other projects. For example, some members are developing a digital version of the Constitution that anyone can freely access, while others are keen on creating a curriculum to teach about the Constitution in schools. Apart from that, some are exploring the possibility of using blockchain technology to create a new way for people to participate in democracy.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 102 new posts about ConstitutionDAO, driven by 20 contributors, and total online engagement reached 7.9K social interactions. The sentiment score for ConstitutionDAO currently stands at 50%. Compared to all cryptocurrencies, post volume for ConstitutionDAO currently ranks at 6181. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of ConstitutionDAO.
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Posts
102
Contributors
20
Interactions
7,915
Sentiment
50%
Volume rank
#6181
X
Posts
89
Interactions
7,800
Sentiment
50%
PEOPLE FAQ
What is PEOPLE?
ConstitutionDAO is a decentralized autonomous organization formed to bid for the rare physical copy of the U.S. Constitution at Sotheby's. PEOPLE is the name and ticker symbol of ConstitutionDAO's native governance token. The DAO was dissolved after it lost the auction.
How does PEOPLE work?
ConstitutionDAO distributed PEOPLE tokens, their native governance token, in exchange for the donations received to bid for the physical copy of the U.S. Constitution at Sotheby's. To enable this, the DAO partnered with a non-profit called Endaoment to take custody of their documents and bid on their behalf.
What is the PEOPLE price prediction?
While it’s challenging to predict the exact future price of PEOPLE, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is ConstitutionDAO worth today?
Currently, one ConstitutionDAO is worth $0.038810. For answers and insight into ConstitutionDAO's price action, you're in the right place. Explore the latest ConstitutionDAO charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as ConstitutionDAO, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as ConstitutionDAO have been created as well.
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