$PEOPLE PEOPLE Coin, fully known as ConstitutionDAO Coin, is a cryptocurrency based on the Ethereum platform. It is a token issued by the decentralized autonomous organization (DAO) ConstitutionDAO, which was established on November 11, 2021, with the aim of raising funds in the form of a DAO to attempt to purchase the last privately owned first edition print of the United States Constitution. PEOPLE Coin is used within the ConstitutionDAO ecosystem for exchange, governance, and as a representation of ownership.
The features of PEOPLE Coin include:
• Decentralized Autonomous Organization (DAO): The issuance and operation of PEOPLE Coin are closely related to the ConstitutionDAO organization, which decides its direction and operations through a democratic voting mechanism.
• Application Scope: PEOPLE Coin is recognized in some fields and is the first DAO to successfully raise funds for rare historical documents through a decentralized platform.
• Market Performance: According to search results, PEOPLE Coin ranks 243rd in the cryptocurrency market, with a price of $0.0126, a historical high of $0.186, a circulation rate of 100%, and is listed on 35 exchanges, but its circulating market value is not high, only $64.208 million.
• Attention: PEOPLE Coin has received a higher level of market attention due to its association with some well-known individuals and events.
In summary, PEOPLE Coin is a cryptocurrency associated with a specific DAO project that has garnered some attention and recognition in certain communities and circles, but compared to mainstream cryptocurrencies like Bitcoin and Ethereum, its total market capitalization and global influence remain relatively small, thus it is currently classified as an altcoin.