ConstitutionDAO was a crowd-funding movement to buy a first-edition copy of the U.S. constitution. PEOPLE is the token representing a share of the ConstitutionDAO. Since the bid for the document has failed, the PEOPLE token is now representing a DAO movement with historical significance.
Currently, the PEOPLE token has no explicit use cases as the founding team has chosen to close the project and burned their multi-sig that controlled the raised fund.
As such, no further PEOPLE tokens can be minted. PEOPLE holders will always have the chance to convert 1,000,000 PEOPLE tokens to 1 ETH.
