[People Token](w) is a type of cryptocurrency related to the [ConstitutionDAO](w) project, a decentralized organization that raised millions of dollars to bid for a rare copy of the U.S. Constitution in 2021.
Although it failed in the auction, the token
PEOPLE continues to trade on the market. Initially, it was used as a proof of contribution, but currently, it is primarily speculative. PEOPLE has a fixed supply, no clear utility, and its value is mainly based on the community.
The major risk of this token is the lack of practical application and high volatility. However, it still attracts attention due to its historical factor and strong community.