ConstitutionDAO: Failed bid, decentralized asset ownership inspiration.
ConstitutionDAO aimed to buy a rare US Constitution copy via blockchain, raised $47M, but lost the auction; it disbanded and refunded supporters.
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What is ConstitutionDAO (PEOPLE)?
ConstitutionDAO was a decentralized autonomous organization (DAO) created to purchase a rare copy of the US Constitution. Launched in November 2021, it aimed to democratize access to rare assets by pooling resources through blockchain technology. Initiated by Trent Griffin on Twitter, it quickly raised over $47 million from thousands of investors via its $PEOPLE token. Although it participated in a Sotheby's auction, its bid was unsuccessful due to concerns over long-term preservation. The DAO subsequently disbanded, refunding contributions after deducting transaction fees. Despite failing to acquire the Constitution, it served as an influential example of decentralized asset ownership within the crypto community.
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ConstitutionDAO price live information
As of now, ConstitutionDAO is trading at 0.009 USD, with a 24-hour trading volume of approximately 497.95K USD. The PEOPLE to USD price is updated in real time. Over the past 24 hours, ConstitutionDAO has decreased by 0.55%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 45.54M USD. Currently, there are 5 060 137 334.7 PEOPLE in circulation out of a maximum supply of 5 060 137 334.7 PEOPLE.
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