Discover undervalued stocks with Eulerpool.

Subscribe for $2
Analyse
Profile
ConstitutionDAO Stock

ConstitutionDAO

PEOPLE

Price

0.02
Today +/-
+0
Today %
+0 %

ConstitutionDAO Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
DOEXPEOPLE/USDT0.0121,433.626,709.1410.74 M1.27cex14/23/2025, 11:18 AM
EchobitPEOPLE/USDT0.02170,224.6972,472.055.84 M0.56cex757/9/2025, 6:21 AM
JuCoinPEOPLE/USDT0.0233,160.5332,745.255.52 M0.35cex3397/9/2025, 6:18 AM
HTXPEOPLE/USDT0.027,981.3633,338.015.32 M0.28cex4467/9/2025, 6:23 AM
BiKingPEOPLE/USDT0.0258,261.3981,224.023.33 M0.17cex347/9/2025, 6:21 AM
BinancePEOPLE/USDT0.02136,101.72155,371.073.32 M0.03cex5747/9/2025, 6:23 AM
BYEXPEOPLE/USDT0.02131,000.26158,062.692.65 M0.13cex297/9/2025, 6:21 AM
LBankPEOPLE/USDT0.02186,740.36169,374.552.15 M0.11cex5317/9/2025, 6:21 AM
BlueBitPEOPLE/USDT0.02817.65547.492.03 M0.01cex17/9/2025, 6:21 AM
IBIT GlobalPEOPLE/USDT0.0259,452.4790,475.041.68 M0.17cex4077/9/2025, 6:21 AM
1
2
3
4
5
...
11

ConstitutionDAO FAQ

What is Constitution DAO (PEOPLE)?

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.

Founders of Constitution DAO

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.

What Distinguishes Constitution DAO? Eulerpool

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.

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

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.

What Mechanisms Ensure the Security of the Constitution DAO Network?

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

Where Can Constitution DAO (PEOPLE) Be Purchased?

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

Investors interested in ConstitutionDAO are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.