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According to#Binance Market report, as of 0:10 on May 23, 2024: ConstitutionDAO tokens ($PEOPLE ) The price is currently reported at $0.06485, with a 24-hour increase of more than 35%.
Preface:
ConstitutionDAO was a crowdfunding project to buy the first copy of the U.S. Constitution. PEOPLE represented a share of ConstitutionDAO. But with the failed bid, PEOPLE now also represents this historic DAO movement.
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1️⃣ What is the PEOPLE token?
People's coin is a blockchain-based cryptocurrency in the ConstitutionDAO project, which aims to build a decentralized social network ecosystem. It provides a secure, transparent and anonymous payment method while giving users more control and privacy protection.
In this project, people can participate in the activities of DAO (decentralized autonomous organization) by purchasing People's Coin. Holding People's Coin means that the holder has a certain share or interest in the DAO, and can influence decisions, vote, or share the benefits of the project. The total issuance of People's Coin is limited, which makes it scarce.
2️⃣Project background:
People's Coin was founded in 2017 by a group of unidentified developers. Its vision is to allow users to freely share content, communicate and conduct transactions. The founders of People's Coin hope to use blockchain technology to solve the problems of traditional social networks.
For example, privacy issues have always been a concern for users. Traditional social networks often collect users' personal data and conduct behind-the-scenes transactions, while People Coin protects the security of user data through encryption technology.
In addition, centralized control is also a major challenge. Many social networks are controlled by a few companies, while People Coin achieves power dispersion through decentralization, allowing users to participate more in platform operations.
Furthermore, the problem of advertising abuse has also been criticized. Traditional social network advertisements are rampant. People's Coin adopts a cryptocurrency model and is committed to providing a cleaner and freer user experience, fundamentally solving the problem of advertising abuse.
3️⃣Application areas:
●Online Payment: You can use PEOPLE coins for online shopping or digital goods transactions. You can easily complete the payment by using a mobile wallet or trading platform.
● Investment and trading: PEOPLE coins have certain investment value in the digital currency market. You can buy, sell and invest through exchanges and other channels to pursue returns.
●Community governance: As a PEOPLE coin holder, you have the right to participate in community governance and decision-making. This means that you can work with other holders to promote the development and growth of the PEOPLE ecosystem and exert influence.
●Cross-border payment: Due to the decentralization and anonymity of PEOPLE coin, it can be used as a cross-border payment tool. This means that you can conduct international transactions more conveniently without being bound by geographical restrictions and cumbersome procedures.
4️⃣Prospects for development:
The future of social media
The future trend of social media may be to develop towards a decentralized platform that pays more attention to privacy protection and data ownership. People's currency is highly consistent with this trend, so it may play an important role in the future development of social media.
Technical strength and team support
People's Coin team members come from multiple fields and have rich technical and industry experience. The team has a firm belief in building a decentralized social media platform and continues to work hard to promote the development of the project. This technical strength and team support provide a solid foundation for the future development of People's Coin.
User growth and community building
As a cryptocurrency for a social networking platform, the success of People Coin is closely related to user growth and community building. At present, the activity of the People Coin community is constantly improving, and the number of users is gradually increasing. As the community continues to expand, the development prospects of People Coin will become more optimistic.
5️⃣Summary:
In the booming digital currency field, PEOPLE Coin, as a forward-looking and innovative project, has demonstrated great potential and appeal.
We believe that in the field of social media, PEOPLE coin will continue to play an important role and bring users a safer, freer and more creative social experience.
