$PEOPLE

PEOPLE coin was launched in November 2021 with a total supply of 5,060,386,464 and a market value of over $200 million.

When the token was launched, ConstitutionDAO set up a deflation mechanism for the token. After the auction of the constitution failed, the final refund policy given by ConsitutionDAO was that the holders of People could exchange People for ETH at the original ratio (1ETH=1000000People), and this part of People would be destroyed.

Therefore, People will not only gradually deflate over time, but also have a guaranteed price, that is, 10000People=0.01ETH. It can be said that the price of People will not return to zero like ordinary meme coins. If the price of ETH soars in the future, the value of People will also increase accordingly.

After ConstitutionDAO announced its dissolution, early participants could return ether through Juicebox, and about half of the funds were indeed returned. But the remaining users cast a vote of confidence in the PEOPLE coin and the DAO governance form.

In general, the situation of PEOPLE coin is quite special. Technically, it may be dissolved at any time, and the official website does not have a white paper or guidelines for token governance. The current PEOPLE coin is a governance token for community symbiosis, and it was later voted to be renamed We The PEOPLE (WTP).#peoplenew high $PEOPLE