ConstitutionDAO Coin serves as the official cryptocurrency of the decentralized autonomous organization (DAO) known as ConstitutionDAO. This Ethereum-based token, referred to as PEOPLE, was initially distributed to refund contributors who supported the initiative aimed at acquiring a historic piece of American heritage.
What is PEOPLE Token?
The PEOPLE token emerged from a crowdfunding effort to buy the U.S. Constitution, enabling contributors to reclaim their investments. Although the token lacks inherent value, it experienced a staggering price increase of 12,000%, rising from $0.0009 on November 21st. Despite these gains, PEOPLE token holders have no governance privileges or management roles within the organization.
How Does the Community View PEOPLE?
Following a failed auction and the departure of the core team, the community has been informed that holders of PEOPLE tokens possess no management rights or usage options. However, some community members are eager to leverage these tokens for future endeavors, although official plans from ConstitutionDAO remain unannounced.
Key insights regarding ConstitutionDAO Coin include:
- PEOPLE is not designed for governance or management.
- Its market value increased significantly after its initial launch.
- No future projects have been confirmed by ConstitutionDAO.
Individuals interested in acquiring ConstitutionDAO Coin can do so through Binance, the largest trading platform in the world. To successfully purchase PEOPLE, new users must create an account, deposit cryptocurrency or fiat currency into their wallets, and then trade through available pairs such as PEOPLE/BTC, PEOPLE/USDT, or PEOPLE/BUSD. The process is straightforward, encouraging participants to engage with this unique digital asset.