ConstitutionDAO Trading 3.9% Lower This Week (PEOPLE)

by · The Markets Daily

ConstitutionDAO (PEOPLE) traded 8.5% higher against the U.S. dollar during the 24-hour period ending at 18:00 PM ET on October 29th. One ConstitutionDAO token can currently be bought for $0.0764 or 0.00000106 BTC on major exchanges. ConstitutionDAO has a total market capitalization of $385.93 million and $228.06 million worth of ConstitutionDAO was traded on exchanges in the last day. In the last week, ConstitutionDAO has traded 3.9% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

  • Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
  • SolvBTC (SOLVBTC) traded up 3.6% against the dollar and now trades at $72,022.80 or 0.99728838 BTC.
  • SolvBTC.BBN (SOLVBTC.BB) traded up 3.9% against the dollar and now trades at $71,901.54 or 0.99560930 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

ConstitutionDAO Token Profile

ConstitutionDAO’s genesis date was November 15th, 2021. ConstitutionDAO’s total supply is 5,060,137,335 tokens and its circulating supply is 5,053,572,056 tokens. ConstitutionDAO’s official Twitter account is @constitutiondao and its Facebook page is accessible here. The official website for ConstitutionDAO is www.constitutiondao.com.

According to CryptoCompare, “## What is ConstitutionDAO (PEOPLE)?
ConstitutionDAO was a decentralized autonomous organization (DAO) created in November 2021 with the goal of purchasing an original copy of the United States Constitution. It was formed by a group of cryptocurrency enthusiasts and investors who were motivated by the idea of using blockchain technology to facilitate the collective ownership and management of rare assets. ConstitutionDAO conducted a fundraising campaign in Ether cryptocurrency, raising $47 million. However, it was unsuccessful in its bid to purchase the Constitution at a Sotheby’s auction, ultimately losing to a higher bid of $43.2 million. Following this, ConstitutionDAO was disbanded​​​​.

## What is ConstitutionDAO (PEOPLE) used for?
The primary use of ConstitutionDAO was to pool resources for the collective purchase and management of rare assets, specifically an original copy of the U.S. Constitution. Participants in the project purchased $PEOPLE tokens, the native token of ConstitutionDAO, which granted them voting rights and a fractional ownership in the asset the DAO aimed to acquire. The governance structure of ConstitutionDAO was community-driven, allowing token holders to propose and vote on decisions regarding the management of the assets held by the DAO. This decision-making process was based on a liquid democracy model, designed to enhance participation and efficiency in governance​​.

## Who created ConstitutionDAO (PEOPLE)?
ConstitutionDAO was initiated by Trent Griffin, a well-known cryptocurrency investor, and was subsequently developed by a group of cryptocurrency enthusiasts and investors. The idea quickly gained traction within the cryptocurrency community, leading to the formation of the DAO and its first fundraising round in November 2021. The collective effort aimed to leverage blockchain technology for transparent and decentralized ownership of historically significant assets​​.”

ConstitutionDAO Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as ConstitutionDAO directly using US dollars. Investors seeking to acquire ConstitutionDAO should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase ConstitutionDAO using one of the aforementioned exchanges.

PEOPLE/USD price chart by TradingView