šļø ConstitutionDAO (PEOPLE): A Symbol of Decentralized Collective Action
In November 2021, a group of crypto enthusiasts formed ConstitutionDAO, a decentralized autonomous organization (DAO) with the ambitious goal of purchasing an original copy of the U.S. Constitution at a Sothebyās auction. The DAO rapidly raised over $47 million in Ether from more than 17,000 contributors. Although the bid was ultimately unsuccessful, the movement showcased the potential of blockchain technology for collective action and fundraising.
š What is ConstitutionDAO (PEOPLE)?
Token Name: PEOPLE
Blockchain: Ethereum (ERC-20)
Purpose: Initially represented a share in the DAOās bid to purchase the U.S. Constitution
Current Status: The DAO has been disbanded, but the PEOPLE token continues to be traded
After the failed auction bid, the ConstitutionDAO project was dissolved, and the multi-signature wallet controlling the funds was closed. However, the PEOPLE token remained in circulation, evolving into a symbol of decentralized collective action and community-driven initiatives.
š Market Performance (as of May 2, 2025)
Current Price: Approximately $0.015 USD
24-Hour Trading Volume: Around $29.55 million USD
Market Capitalization: Approximately $76.7 million USD
Circulating Supply: 5.06 billion PEOPLE tokens
All-Time High: $0.185 USD (November 2021)
š PEOPLE Token on Binance
Despite the projectās conclusion, the PEOPLE token is actively traded on major exchanges, including Binance. Its trading pairs, such as PEOPLE/USDT, maintain significant liquidity, reflecting ongoing interest from traders and the crypto community.
š® Future Outlook
While ConstitutionDAOās initial mission was short-lived, the PEOPLE token has taken on a life of its own. It serves as a case study in the power of decentralized communities and the potential for blockchain technology to facilitate large-scale, collective endeavors. The tokenās continued trading activity suggests that it has found a niche as a symbol of grassroots mobilization in the crypto space.
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