Question 1

What is Constitution DAO (PEOPLE)?

Accepted Answer

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.

Question 2

Founders of Constitution DAO

Accepted Answer

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.

Question 3

What Distinguishes Constitution DAO?

Eulerpool

Accepted Answer

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.

Question 4

What Is the Circulating Supply of Constitution DAO (PEOPLE) Coins?

Accepted Answer

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.

Question 5

What Mechanisms Ensure the Security of the Constitution DAO Network?

Accepted Answer

ConstitutionDAO was a non-profit organization associated with the DAO's LLC, which was legally owned by two of the DAO's members.

Question 6

Where Can Constitution DAO (PEOPLE) Be Purchased?

Accepted Answer

PEOPLE is accessible on Uniswap (V3) and 0x Protocol.

Exchange	Market Pair	Price	Depth +2%	Depth -2%	Volume 24H	Volume %	Type	Liquidity Rating	Freshness
DOEX	PEOPLE/USDT	0.01	21,433.6	26,709.14	10.74 M	1.27	cex	1	4/23/2025, 11:18 AM
Echobit	PEOPLE/USDT	0.02	170,224.69	72,472.05	5.84 M	0.56	cex	75	7/9/2025, 6:21 AM
JuCoin	PEOPLE/USDT	0.02	33,160.53	32,745.25	5.52 M	0.35	cex	339	7/9/2025, 6:18 AM
HTX	PEOPLE/USDT	0.02	7,981.36	33,338.01	5.32 M	0.28	cex	446	7/9/2025, 6:23 AM
BiKing	PEOPLE/USDT	0.02	58,261.39	81,224.02	3.33 M	0.17	cex	34	7/9/2025, 6:21 AM
Binance	PEOPLE/USDT	0.02	136,101.72	155,371.07	3.32 M	0.03	cex	574	7/9/2025, 6:23 AM
BYEX	PEOPLE/USDT	0.02	131,000.26	158,062.69	2.65 M	0.13	cex	29	7/9/2025, 6:21 AM
LBank	PEOPLE/USDT	0.02	186,740.36	169,374.55	2.15 M	0.11	cex	531	7/9/2025, 6:21 AM
BlueBit	PEOPLE/USDT	0.02	817.65	547.49	2.03 M	0.01	cex	1	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	7/9/2025, 6:21 AM

The edge that pays for itself.

ConstitutionDAO

Technical Analysis

Advantages of Cryptocurrency

Decentralization & Financial Freedom

Transparency & Security

Global Accessibility

Investment Potential

Risks of Cryptocurrency

High Volatility

Regulatory Uncertainty

Security Risks

Environmental Impact

History of Cryptocurrency

The Rise of Altcoins

The ICO Boom and Market Crash

Institutional Adoption

DeFi, NFTs & Web3

Exchange