ConstitutionDAO price
in USD
About ConstitutionDAO
ConstitutionDAO’s price performance
ConstitutionDAO on socials
Guides
More to explore
ConstitutionDAO FAQ
ConstitutionDAO is a decentralized autonomous organization formed to bid for the rare physical copy of the U.S. Constitution at Sotheby's. PEOPLE is the name and ticker symbol of ConstitutionDAO's native governance token. The DAO was dissolved after it lost the auction.
ConstitutionDAO distributed PEOPLE tokens, their native governance token, in exchange for the donations received to bid for the physical copy of the U.S. Constitution at Sotheby's. To enable this, the DAO partnered with a non-profit called Endaoment to take custody of their documents and bid on their behalf.
Easily buy PEOPLE tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include PEOPLE/USDT.
You can also buy PEOPLE with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.
Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for PEOPLE with zero fees and no price slippage by using OKX Convert.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into PEOPLE, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
Dive deeper into ConstitutionDAO
ConstitutionDAO was a decentralized autonomous organization (DAO) created to buy one of the 13 remaining physical copies of the Official Edition of the U.S. Constitution, auctioned at the premier auction house, Sotheby's. PEOPLE is the name and ticker symbol of ConstitutionDAO's token.
Started initially as a meme, ConstitutionDAO raised $47 million from 17,437 donors with a median donation size of $206.26. The DAO set the record for the highest crowdfund in less than 72 hours. They then formed a non-profit called Endaoment that could bid at Sotheby's on their behalf.
The ConstitutionDAO crowdfund was held via Juicebox, ConsitutionDAO's crowdfund partner. People who participated in the crowdfund were awarded PEOPLE tokens. If ConstitutionDAO had won the auction, PEOPLE holders could vote on proposals related to the purchased copy of the constitution.
However, since the DAO lost the auction, it is now officially dissolved. The multi-signature wallet burned the project's NFTs and its owner no longer has control over the collected funds. Participants can receive refunds, minus the gas fees, through the PEOPLE token.
PEOPLE price and tokenomics
You can redeem your donated funds in exchange for Ethereum (ETH) at a 1 ETH:1,000,000 PEOPLE ratio from Juicebox by paying the required gas fees. Redeeming your donations will burn PEOPLE tokens. PEOPLE price has been largely consistent and the community has plans to expand its use further.
About the founders
ConstitutionDAO was created in November 2021 by software engineer Jonah Elrich, one of the core contributors of the DAO, along with around 30 other people. It partnered with Alameda Research, Endaoment, FTX US, Juicebox, Morning Brew, and SyndicateDAO.
ConstitutionDAO: The road ahead
Some ConstitutionDAO members have sought to build other projects. For example, some members are developing a digital version of the Constitution that anyone can freely access, while others are keen on creating a curriculum to teach about the Constitution in schools. Apart from that, some are exploring the possibility of using blockchain technology to create a new way for people to participate in democracy.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.