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ConstitutionDAO Overview
24h High
$0.01
24h Low
$0.01
24h Change
-5.14%
7d Change
-7.07%
30d Change
+2.69%
Volume 24h
$3.43M
Market Cap
$37.46M
Circulating Supply
5.07B PEOPLE
ConstitutionDAO News
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About ConstitutionDAO
ConstitutionDAO (PEOPLE) was a decentralised autonomous organisation (DAO) formed in November 2021 to purchase an original copy of the U.S. Constitution. It raised $47 million via Ether contributions but lost the auction. The native token, $PEOPLE, granted participants voting rights and a stake in the project's governance. Although the DAO disbanded after the failed bid, it demonstrated the potential of blockchain for collective ownership and decentralised decision-making. ConstitutionDAO was created by Trent Griffin and a group of cryptocurrency enthusiasts, showcasing blockchain's application in acquiring and managing rare assets.
The primary use of ConstitutionDAO was to pool resources for the collective purchase and management of rare assets, specifically an original copy of the U.S. Constitution. Participants in the project purchased $PEOPLE tokens, the native token of ConstitutionDAO, which granted them voting rights and a fractional ownership in the asset the DAO aimed to acquire. The governance structure of ConstitutionDAO was community-driven, allowing token holders to propose and vote on decisions regarding the management of the assets held by the DAO. This decision-making process was based on a liquid democracy model, designed to enhance participation and efficiency in governance.
ConstitutionDAO was initiated by Trent Griffin, a well-known cryptocurrency investor, and was subsequently developed by a group of cryptocurrency enthusiasts and investors. The idea quickly gained traction within the cryptocurrency community, leading to the formation of the DAO and its first fundraising round in November 2021. The collective effort aimed to leverage blockchain technology for transparent and decentralized ownership of historically significant assets.
ConstitutionDAO Markets
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ConstitutionDAO Platforms
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ConstitutionDAO Market Data
The live ConstitutionDAO price today is $0.01 USD with a 24-hour trading volume of $3,432,299.44 USD. We update our PEOPLE to USD price in real-time. ConstitutionDAO is down 5.14% in the last 24 hours.
The current market cap is $37,458,298.11 USD, ranking #395 by market capitalization. The circulating supply is 5,066,434,892 PEOPLE.