$PEOPLE (continued from the picture content) establishes a deflation mechanism. After the auction constitution fails, the final refund policy given by ConsitutionDAO is that the holders of People can exchange People for ETH at the original ratio (1ETH=1000000 People), and this part of People will be destroyed. Therefore, People will not only gradually deflate over time, but also have a guaranteed price, that is, 10000 People=0.01ETH. It can be said that the price of People will not return to zero like ordinary meme coins. If the price of ETH soars in the future, the value of People will also increase accordingly.