ConstitutionDAO ($PEOPLE ): The Token That Sparked a DAO Movement

ConstitutionDAO, a crowd-funding initiative launched to purchase a first-edition copy of the U.S. Constitution, has left an enduring legacy despite its initial failure. The PEOPLE token, initially representing shares in the bid, has now become a symbol of the project's historical significance.

Since the project's closure, and with no new tokens being minted due to the burning of the multi-sig controlling the funds, PEOPLE has found new life in various community-driven DAOs. Among these are PeopleDAO, which seeks to maximize the interests of PEOPLE holders, and PEOPLE@BTCdayu, which plans to release NFTs and a decentralized exchange.

With a total and circulating supply of 5,054,072,056 tokens, PEOPLE has no explicit use case but offers the unique feature of converting 1,000,000 PEOPLE tokens to 1 ETH. As of December 23, 2021, the PEOPLE token has seen a 12.40% increase, trading at 0.0911 USDT.