Ethereum
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+0.06% last 24h
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24h vol
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-
Balance: $0
($277.45 M)
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CoinMarketCap.comConstitution DAO (PEOPLE) is a decentralized autonomous organization, brought about by a group with an interest in web3. They aimed to trade a noteworthy artifact, a version of the U.S. Constitution, through an auction at Sotheby's. The project managed to gather support from more than 17,000 individual contributors. Connection to growing trends in the decentralized-currency sector may have played a role in this, as has been observed with other digital assets such as Dogecoin and Shiba Inu. Notable contributors who made impactful contributions to the project's development included Brian Wagner and Liminal Warmth. They leveraged the voting rights of the PEOPLE token and the DAO network to steer the project's efforts towards tangible asset acquisition. The project made clever references to popular culture, specifically the movie "National Treasure." A Discord server was also established, which accumulated an impressive user-base. Support was marshalled using a particular method, covering both auction house fees and archival storage costs. Despite their meticulous planning and significant support, Constitution DAO did not win the auction for the artifact. This led to a decision to dissolve the organization and reimburse the donations. The PEOPLE token of Constitution DAO was then disseminated among the contributors, providing them with voting rights anchored to potential artifact possession. Constitution DAO (PEOPLE) was administered by DAO LLC, a not-for-profit body owned by members of the DAO. The primary ambition of Constitution DAO had been to trade a version of the U.S. Constitution for potential public viewing in a museum.
The PEOPLE token is implemented with an emphasis on creating a significant decentralized finance (DeFi) area. Its main function promotes peer-to-peer interaction and reduces intermediate dependencies. There's an additional capacity for liquidity farming which enables traders to engage with their assets. This function also encourages movement and accommodates adjustment in values. The governance layout tied to the PEOPLE token provides a platform for token holders to cast their vote on adjustments within the environment and guidelines, soliciting token holders' involvement in the decision-making procedure. The individuals behind the PEOPLE token commitment is to contribute towards the progress of the DeFi community.
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One of Flooz.xyz's standout features is its self-custodial web wallet. By using the Flooz web wallet, you can seamlessly store, send, and receive PEOPLE tokens. Creating a self-custodial wallet is quick and easy, requiring only your email, Google, or Apple ID.
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PEOPLE Metrics:
Current price: $0.0643
Market cap: $325.91 M
All-time high: being indexed (being indexed)
All-time low: being indexed (being indexed)
Daily trading volume: $64.52 k
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