$PEOPLE Illust : ConstitutionDAO's PEOPLE Token Continues to Increase after being Marketed on OKEx
People ConstitutionDAO tokens continue to increase after they were marketed on OKEx. ConstitutionDAO is a decentralized autonomous organization formed on November 11th. The organization emerged after a group of crypto enthusiasts met on Zoom and agreed that they would raise funds to secure the auction of a rare copy of the United States constitution. The auction was held on November 19 by Sotheby's.
ConstitutionDAO together with 17,000 donors managed to raise more than $5 million in ETH (Ethereum). Despite successfully raising high funds for the auction, ConstitutionDAO was reportedly unable to secure a copy of the constitution because it lost a bet with Ken Griffin, a hedge fund manager and CEO of Citadel CLL. It's no secret that Ken Griffin belongs to anti-crypto circles.
Some experts analyzed that ConstitutionDAO was unable to win the auction for a rare copy of the United States constitution because the organization paid almost a million dollars in contributors' money, gas fees, and several other costs to run their organization. #CZ #Binance #DAO #Web3
$PEOPLE Bittime - ConstitutionDAO (PEOPLE) is a DAO founded in November 2021 for the purpose of purchasing original copies of the US Constitution. This DAO managed to raise $47 million in 72 hours, but failed in the auction.
Despite its failure, ConstitutionDAO was an important milestone in the development of DAOs and blockchains. This article discusses the product, PEOPLE token, fundamental analysis, comparison with competitors, team, and expert opinion.
What is ConstitutionDAO (PEOPLE)?
ConstitutionDAO (PEOPLE) is a decentralized autonomous organization (DAO) founded in November 2021 for the purpose of purchasing original copies of the United States Constitution. This DAO raised $47 million in funds within 72 hours, but failed in the auction.
ConstitutionDAO (PEOPLE) Key Products & Features
DAO Platform: An online platform that allows members to participate in DAO governance.
PEOPLE Token: A governance token that gives its holder voting rights in DAO decisions.
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