The edge that pays for itself.
ConstitutionDAO (PEOPLE) Price
ConstitutionDAO Price
Technical Analysis
Daily indicators based on 1d candle data
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| DOEX | PEOPLE/USDT | 0.01 | 21,433.60 | 26,709.14 | 10.74 M | 1.27 | cex | 1.00 | 4/23/2025, 11:18 AM |
| Echobit | PEOPLE/USDT | 0.02 | 170,224.69 | 72,472.05 | 5.84 M | 0.56 | cex | 75.00 | 7/9/2025, 6:21 AM |
| JuCoin | PEOPLE/USDT | 0.02 | 33,160.53 | 32,745.25 | 5.52 M | 0.35 | cex | 339.00 | 7/9/2025, 6:18 AM |
| HTX | PEOPLE/USDT | 0.02 | 7,981.36 | 33,338.01 | 5.32 M | 0.28 | cex | 446.00 | 7/9/2025, 6:23 AM |
| BiKing | PEOPLE/USDT | 0.02 | 58,261.39 | 81,224.02 | 3.33 M | 0.17 | cex | 34.00 | 7/9/2025, 6:21 AM |
| Binance | PEOPLE/USDT | 0.02 | 136,101.72 | 155,371.07 | 3.32 M | 0.03 | cex | 574.00 | 7/9/2025, 6:23 AM |
| BYEX | PEOPLE/USDT | 0.02 | 131,000.26 | 158,062.69 | 2.65 M | 0.13 | cex | 29.00 | 7/9/2025, 6:21 AM |
| LBank | PEOPLE/USDT | 0.02 | 186,740.36 | 169,374.55 | 2.15 M | 0.11 | cex | 531.00 | 7/9/2025, 6:21 AM |
| BlueBit | PEOPLE/USDT | 0.02 | 817.65 | 547.49 | 2.03 M | 0.01 | cex | 1.00 | 7/9/2025, 6:21 AM |
| IBIT Global | PEOPLE/USDT | 0.02 | 59,452.47 | 90,475.04 | 1.68 M | 0.17 | cex | 407.00 | 7/9/2025, 6:21 AM |
ConstitutionDAO FAQ
Constitution DAO was an initiative that has since been dissolved. In November 2021, a group of web3 enthusiasts organized as a decentralized autonomous organization with the collective aim of purchasing a copy of the U.S. Constitution at a Sotheby’s auction. With only 13 original physical copies of the U.S. Constitution in existence, this auction incited a competitive bidding war. Despite successfully raising over $40 million in ETH, the group ultimately fell short and was outbid by Ken Griffin, a billionaire hedge fund manager and CEO of Citadel. Following its unsuccessful grassroots effort to acquire one of the most valuable and iconic documents in U.S. history, Constitution DAO announced its decision to disband. All donations are being refunded. For additional details, please refer to Eulerpool.
ConstitutionDAO does not have a singular origin; rather, it can be viewed as an evolution of grassroots fundraising movements that contributed to the emergence of meme coins such as Dogecoin and Shiba Inu. The DAO successfully raised over $47 million from more than 17,000 donors within a few days, with the median donation amounting to $206. This initiative also ignited a viral movement on Twitter, where users supported the DAO's efforts through memes. Key contributors to the DAO included Brian Wagner and Liminal Warmth.
ConstitutionDAO represented another example of an internet-based grassroots initiative challenging traditional symbols with the aid of cryptocurrencies. In a manner reminiscent of the GameStop phenomenon, ConstitutionDAO harnessed the collective virtual power of the public, coming remarkably close to achieving a landmark event in history. The DAO released its inaugural tweet on November 12, merely six days before the Sotheby’s auction scheduled for November 18. The Constitution being auctioned was the last privately-owned copy, marking the first time in 33 years that such a document was available for purchase. Within a few hours, the DAO’s Discord server rapidly expanded to several thousand members, eventually reaching 20,000 participants in just over a week. Utilizing a blend of Nicolas Cage memes—spurred by a movie in which Cage attempts to steal the Constitution—and the crypto-specific (x,x) meme, initially popularized by Olympus (OHM), the endeavor swiftly gained traction on Crypto Twitter. ConstitutionDAO employed Juicebox to accept donations in Ether, amassing over $47 million. This amount would have sufficed to secure victory in the auction if not for the unanticipated auction house fees and storage expenses for the document. Ironically, Ken Griffin, an outspoken critic of Bitcoin, won the auction. Following this episode, ConstitutionDAO announced its dissolution, a contingency it had planned from the outset in case of unsuccessful outcomes. It cited various technical and administrative reasons for this decision, and donors can reclaim their contributions via the project’s website for an indefinite duration.
As a DAO was not eligible to own the copy of the Constitution, its contributors would not have obtained fractional ownership of the document. Instead, PEOPLE serves as a governance token, granting its holders voting rights to decide where the Constitution would be displayed, such as selecting the museum that would house the physical copy.
ConstitutionDAO was a non-profit organization associated with the DAO's LLC, which was legally owned by two of the DAO's members.
PEOPLE is accessible on Uniswap (V3) and 0x Protocol.
Similar Cryptocurrencies to ConstitutionDAO
Discover cryptocurrencies similar to ConstitutionDAO and explore alternatives in the same category.