Vad är ConstitutionDAO (PEOPLE)

ConstitutionDAO (PEOPLE) Grundläggande introduktion

ConstitutionDAO (PEOPLE) Profil

Vad är ConstitutionDAO (PEOPLE) handel

ConstitutionDAO (PEOPLE) handel avser köp och försäljning av token på kryptomarknaden. På MEXC kan användare handla PEOPLE på olika marknader beroende på sina investeringsmål och riskpreferenser. De två vanligaste metoderna är spothandel och terminshandel.

ConstitutionDAO (PEOPLE) Spothandel

Spothandel med krypto innebär att man köper eller säljer PEOPLE direkt till det aktuella marknadspriset. När affären har slutförts äger du de faktiska PEOPLE-tokens, som kan innehas, överföras eller säljas senare. Spothandel är det enklaste sättet att få exponering mot PEOPLE utan hävstång.

Hur man förvärvar ConstitutionDAO (PEOPLE)

Du kan enkelt skaffa ConstitutionDAO (PEOPLE) på MEXC med hjälp av en mängd olika betalningsmetoder som kreditkort, betalkort, banköverföring, Paypal och många fler! Lär dig hur du köper tokens på MEXC nu!

Djupare insikter i ConstitutionDAO (PEOPLE)

ConstitutionDAO (PEOPLE) Historik och bakgrund

ConstitutionDAO (PEOPLE): A Revolutionary Experiment in Decentralized Governance

ConstitutionDAO emerged in November 2021 as one of the most ambitious and historically significant decentralized autonomous organization experiments in cryptocurrency history. The project was created with a singular, audacious goal: to collectively purchase an original copy of the United States Constitution at a Sotheby's auction.

The Genesis of an Idea

The initiative began when a group of crypto enthusiasts and history buffs learned that one of only 13 surviving original copies of the U.S. Constitution would be auctioned by Sotheby's. This particular copy, known as the "Official Edition," was estimated to sell for between 15 and 20 million dollars. The founders saw this as an unprecedented opportunity to demonstrate the power of decentralized collective action.

Rapid Community Formation

What started as a small group discussion quickly evolved into a massive crowdfunding movement. The DAO utilized social media platforms, particularly Twitter and Discord, to spread awareness and rally supporters. The project's appeal transcended traditional cryptocurrency communities, attracting history enthusiasts, constitutional scholars, and individuals fascinated by the intersection of technology and historical preservation.

The PEOPLE Token

ConstitutionDAO issued governance tokens called PEOPLE to contributors. These tokens represented both contribution amounts and voting rights within the organization. The tokenomics were designed to be democratic, ensuring that contributors of all sizes could participate meaningfully in governance decisions. The token quickly gained attention across major cryptocurrency exchanges and decentralized finance platforms.

Fundraising Success and Challenges

In just one week, ConstitutionDAO raised over 40 million dollars from approximately 17,000 contributors worldwide. This remarkable achievement demonstrated the potential of DAOs to mobilize resources rapidly for specific objectives. However, despite raising sufficient funds, the project faced an unexpected challenge at the auction: they were outbid by billionaire Kenneth Griffin, who purchased the Constitution for 43.2 million dollars.

Post-Auction Developments

Following the unsuccessful bid, ConstitutionDAO faced critical decisions about its future direction. The organization offered refunds to contributors, though many chose to retain their PEOPLE tokens, believing in the project's continued potential. The token found new life in secondary markets, with its value fluctuating based on community sentiment and broader cryptocurrency market conditions.

Legacy and Impact

Despite not achieving its original objective, ConstitutionDAO established important precedents for decentralized governance and collective action. The project demonstrated how blockchain technology could enable rapid, transparent fundraising for cultural and historical preservation efforts. It also highlighted both the possibilities and limitations of DAO structures in real-world applications.

Vem skapade ConstitutionDAO (PEOPLE)?

ConstitutionDAO (PEOPLE) was created by a collective group of cryptocurrency enthusiasts and decentralized autonomous organization advocates, rather than a single individual. The project emerged in November 2021 as a crowdfunding initiative aimed at purchasing an original copy of the United States Constitution that was being auctioned by Sotheby's.

The core organizing team included several prominent figures from the crypto and DeFi space. Jonah Ehrlich served as one of the key coordinators, along with Graham Novak and other community members who helped establish the DAO's structure and governance mechanisms. The project gained significant traction through social media platforms, particularly Twitter and Discord, where thousands of contributors rallied around the cause.

The ConstitutionDAO represented a novel experiment in collective ownership and decentralized fundraising. Participants could contribute Ethereum to the project's treasury in exchange for PEOPLE tokens, which represented their proportional stake in the DAO and potential ownership rights to the Constitution copy.

The initiative successfully raised over $40 million worth of cryptocurrency within just a few days, demonstrating the power of decentralized coordination and community-driven projects. However, despite the massive fundraising success, ConstitutionDAO ultimately lost the auction to billionaire Ken Griffin, who purchased the document for $43.2 million.

Following the auction loss, the DAO faced decisions about refunding contributors and the future utility of PEOPLE tokens. The project highlighted both the potential and challenges of decentralized autonomous organizations in coordinating large-scale real-world purchases and collective action in the cryptocurrency ecosystem.

Hur fungerar ConstitutionDAO (PEOPLE)?

ConstitutionDAO (PEOPLE) Overview

ConstitutionDAO was a decentralized autonomous organization that emerged in November 2021 with the ambitious goal of purchasing an original copy of the U.S. Constitution at a Sotheby's auction. The project utilized blockchain technology and cryptocurrency to crowdfund this historic acquisition attempt.

Operational Mechanism

The DAO operated through smart contracts deployed on the Ethereum blockchain. Contributors could send Ethereum (ETH) to the designated smart contract address and receive PEOPLE tokens in return. These tokens represented governance rights and proportional ownership in the collective fund. The token distribution was designed to be fair, with each contributor receiving tokens equivalent to their ETH contribution.

Governance Structure

PEOPLE token holders possessed voting rights within the DAO ecosystem. The governance model allowed community members to participate in decision-making processes regarding the Constitution's potential management, display, and future handling. The decentralized structure meant no single entity controlled the organization, embodying true democratic principles.

Fundraising Success and Auction Outcome

ConstitutionDAO successfully raised over 11,000 ETH, equivalent to approximately $47 million at the time. This massive crowdfunding effort demonstrated the power of decentralized finance and community coordination. However, despite the substantial funds raised, the DAO was ultimately outbid at the Sotheby's auction by billionaire Ken Griffin.

Post-Auction Token Evolution

Following the unsuccessful bid, contributors were offered refunds of their original ETH contributions minus gas fees. However, many chose to retain their PEOPLE tokens, which subsequently developed into a community-driven memecoin. The token gained independent value and trading activity across various cryptocurrency exchanges, transforming from a utility token into a cultural symbol of collective action and decentralized organizing.

ConstitutionDAO (PEOPLE) Viktiga funktioner

ConstitutionDAO (PEOPLE) Core Features

ConstitutionDAO represents a groundbreaking experiment in decentralized autonomous organizations that attempted to collectively purchase an original copy of the U.S. Constitution through crowdfunding using cryptocurrency. The project showcased several distinctive characteristics that made it a notable case study in the crypto space.

Decentralized Governance Structure

The DAO operated on a fully decentralized model where token holders could participate in decision-making processes. PEOPLE token holders had voting rights proportional to their holdings, enabling democratic participation in major decisions regarding the Constitution purchase and subsequent management.

Community-Driven Initiative

ConstitutionDAO emerged from grassroots community enthusiasm rather than traditional venture capital backing. The project demonstrated the power of collective action in the digital age, bringing together thousands of contributors who shared a common goal of preserving historical artifacts through decentralized ownership.

Rapid Fundraising Mechanism

The DAO successfully raised over 11,000 ETH in just a few days, showcasing the efficiency of blockchain-based crowdfunding. This rapid capital mobilization highlighted the potential of DAOs to quickly organize resources for specific objectives without traditional financial intermediaries.

Transparent Operations

All transactions and decisions were recorded on the Ethereum blockchain, ensuring complete transparency. Contributors could track fund usage, voting outcomes, and organizational activities in real-time, establishing trust through immutable record-keeping.

Token-Based Participation

PEOPLE tokens served as both contribution receipts and governance tokens, creating a direct link between financial participation and decision-making power. This tokenomics model incentivized active community engagement while maintaining proportional representation based on contribution levels.

ConstitutionDAO (PEOPLE) Fördelning och allokering

ConstitutionDAO (PEOPLE) Token Distribution and Allocation

ConstitutionDAO was a decentralized autonomous organization formed in November 2021 with the ambitious goal of purchasing an original copy of the U.S. Constitution at a Sotheby's auction. The project utilized the PEOPLE token as its primary mechanism for fundraising and governance participation.

Initial Token Distribution

The PEOPLE token distribution was designed to be fair and accessible to all contributors. Each dollar contributed to the DAO's crowdfunding effort entitled the contributor to one PEOPLE token. This 1:1 ratio ensured that all participants, regardless of their contribution size, received proportional representation in the organization. The total supply of PEOPLE tokens corresponded directly to the amount of Ethereum raised during the fundraising period.

Fundraising Mechanism

Contributors could participate by sending Ethereum to the DAO's smart contract. The fundraising campaign was remarkably successful, raising over 11,600 ETH (approximately $40 million at the time) from more than 17,000 individual contributors. This demonstrated unprecedented community engagement and showed the potential of decentralized fundraising for collective action.

Post-Auction Distribution

After the DAO failed to win the Constitution auction, contributors faced a choice. They could either claim a refund of their original ETH contribution minus gas fees, or retain their PEOPLE tokens. Many participants chose to keep their tokens, viewing them as a memento of their participation in this historic experiment in decentralized governance and collective action.

Token Utility and Governance

PEOPLE tokens were intended to serve as governance tokens, giving holders voting rights on decisions related to the Constitution's management had the purchase been successful. Although the original purpose was not fulfilled, the tokens retained value as a symbol of the community's shared experience and pioneering effort in DAO-based crowdfunding.

ConstitutionDAO (PEOPLE) Användbarhet och användningsområden

ConstitutionDAO (PEOPLE) Overview

ConstitutionDAO was originally created as a decentralized autonomous organization with the ambitious goal of purchasing an original copy of the United States Constitution at a Sotheby's auction in November 2021. The project raised over $47 million worth of Ethereum from approximately 17,000 contributors, making it one of the largest crowdfunding efforts in crypto history.

Primary Use Cases and Applications

The PEOPLE token serves multiple purposes within the ecosystem. Initially, it functioned as a governance token that would have allowed holders to vote on decisions regarding the Constitution's care, display, and educational initiatives had the auction been successful. Although the DAO lost the auction to billionaire Ken Griffin, the token has evolved into different utility scenarios.

Governance and Community Participation

PEOPLE token holders can participate in governance decisions related to the future direction of the project. This includes voting on proposals for new initiatives, fund allocation, and strategic partnerships. The token represents voting power proportional to the amount held, enabling democratic decision-making within the community.

Educational and Cultural Initiatives

The project has pivoted toward supporting educational programs about constitutional history, democratic processes, and blockchain technology. Token holders can propose and vote on funding educational content, museum partnerships, and public awareness campaigns about historical documents and decentralized governance.

DeFi Integration and Trading

PEOPLE tokens are actively traded on various decentralized exchanges and can be used in DeFi protocols for lending, borrowing, and liquidity provision. The token has gained significant trading volume and market capitalization, making it attractive for traders and DeFi participants seeking yield opportunities.

Collectibles and NFT Ecosystem

The project has expanded into creating NFTs and digital collectibles related to historical documents and constitutional themes. PEOPLE tokens can be used to purchase exclusive NFTs, participate in drops, and access premium content within the ecosystem.

Future Applications and Development

The ConstitutionDAO community continues exploring new use cases, including partnerships with museums, educational institutions, and other DAOs focused on preserving historical artifacts and promoting civic education through blockchain technology.

ConstitutionDAO (PEOPLE) Tokenomics

Tokenomics beskriver den ekonomiska modellen för ConstitutionDAO (PEOPLE), inklusive dess utbud, fördelning och nytta inom ekosystemet. Faktorer som totalt utbud, cirkulerande utbud och tokenallokering till teamet, investerare eller community spelar en viktig roll för att forma dess marknadsbeteende.

Proffstips: Att förstå PEOPLEs tokenomics, prisutveckling och marknadssentiment kan hjälpa dig att bättre bedöma dess potentiella framtida prisrörelser.

Prishistorik för ConstitutionDAO (PEOPLE)

Prishistoriken ger värdefull kontext för PEOPLE, vilket visar hur myntet har reagerat på olika marknadsförhållanden sedan lanseringen. Genom att studera historiska toppar, dalar och övergripande trender kan handlare upptäcka mönster eller få perspektiv på myntets volatilitet. Utforska PEOPLE s historiska prisrörelse nu!

ConstitutionDAO (PEOPLE) Prisprognos

Baserat på tokenomics och tidigare resultat syftar prisprognoser för PEOPLE till att uppskatta vart myntet kan vara på väg. Analytiker och handlare tittar ofta på utbudsdynamik, adoptionstrender, marknadssentiment och bredare kryptorörelser för att skapa förväntningar. Visste du att MEXC har ett prisprognosverktyg som kan hjälpa dig att mäta det framtida priset på PEOPLE?? Kolla in det nu!