Check Today's Crypto Market:
Bittime - ConstitutionDAO (PEOPLE) is a DAO founded in November 2021 for the purpose of purchasing original copies of the US Constitution. This DAO managed to raise $47 million in 72 hours, but failed in the auction.
Despite its failure, ConstitutionDAO became an important milestone in the development of DAOs and blockchain. This article discusses the product, PEOPLE token, fundamental analysis, comparison with competitors, team, and expert opinion.
What is ConstitutionDAO (PEOPLE)?
ConstitutionDAO (PEOPLE) is a decentralized autonomous organization ( DAO ) founded in November 2021 for the purpose of purchasing original copies of the United States Constitution. This DAO raised $47 million in funds within 72 hours, but failed in the auction.
ConstitutionDAO (PEOPLE) Key Products & Features
- DAO Platform: An online platform that allows members to participate in DAO governance.
- PEOPLE Token: A governance token that gives its holders voting rights in DAO decisions.
- Community: A global community passionate about history and democracy.
What is PEOPLE Token?
PEOPLE is an ERC-20 token used for ConstitutionDAO governance. This token gives its holder voting rights in DAO decisions, such as:
- How to use DAO funds.
- How DAO invests in the future.
- How the DAO interacts with other organizations.
Also read:
Tokenomic ConstitutionDAO (PEOPLE)
- Total Supply: 5,060,137,335 PEOPLE
- Circulating Supply: 5,060,137,335 PEOPLE
- Max Supply: 5,060,137,335 PEOPLE
- Market Cap : IDR 2,324,290,451,704 (as of 26 February 2024)
ConstitutionDAO (PEOPLE) Fundamental Analysis
Based on today's Bittime market, the price of PEOPLE was observed to have decreased by 5.34 percent in the last 24 hours. Currently the price for PEOPLE to IDR is IDR 691.
Source: Bittime.com
- Strong Community: ConstitutionDAO (PEOPLE) has a global community passionate about history and democracy.
- Growth Potential: The DAO may grow in the future by investing in other historical assets or by supporting educational projects.
- Uncertainty: The future of the DAO remains uncertain after the failure in the Constitution auction.
Comparison of ConstitutionDAO (PEOPLE) & Competitors (in spreadsheet):
| Feature | ConstitutionDAO (PEOPLE) | PleasrDAO | The Giving Block |
| Blockchain | Ethereum | Ethereum | Ethereum |
| Objective | Purchasing historic assets | Support artists and creative projects | Support non-profit organizations |
| Token | PEOPLE | $PLS | GIV |
| Supply | 17.7M | 10M | 10M |
| Market Capitalization | $23M | $18M | $12M |
Check Crypto Prices Today:
ConstitutionDAO Founder & Team (PEOPLE)
- ConstitutionDAO was founded by a group of anonymous individuals.
ConstitutionDAO (PEOPLE) Conclusion
ConstitutionDAO is a historic attempt to use DAOs to purchase historic assets. ConstitutionDAO (PEOPLE) is this failed in the Constitution auction, but still has the potential to grow in the future.
How to Buy ConstitutionDAO (PEOPLE) on Bittime
You can buy and sell ConstitutionDAO (PEOPLE) tokens in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. PEOPLE is available on Bittime with PEOPLE to IDR pairing
To be able to buy PEOPLE/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can make PEOPLE purchases in the application.
More Complete Guide How to Buy ConstitutionDAO (PEOPLE) on Bittime
Monitor price chart movements of ConstitutionDAO (PEOPLE) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
What is IDEX (IDEX)? Advanced DEX Solution for a Safe and Efficient Trading Experience
What is Litentry (LIT)? Future Digital Identity Solutions in the Web 3.0 Era
What is Reserve (RSV)? New Challenger in the Stablecoin Battle
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.