ConstitutionDAO made headlines as a groundbreaking experiment in decentralized crowdfunding. While its original mission to acquire a copy of the U.S. Constitution captured global attention, its native token, PEOPLE, continues to trade in the cryptocurrency market. This article provides a comprehensive overview of the PEOPLE token, including its live price, market capitalization, key metrics, and essential information for interested observers and potential investors.
What Is ConstitutionDAO (PEOPLE)?
ConstitutionDAO was a decentralized autonomous organization formed with the singular goal of purchasing an original copy of the U.S. Constitution at a Sotheby's auction in 2021. Although the bid was ultimately unsuccessful, the project demonstrated the power of decentralized community organizing. The PEOPLE token was initially issued as a governance token and a representation of contribution to the DAO. Following the auction, it transitioned into a community-owned asset with a fixed supply.
PEOPLE Tokenomics and Supply
Understanding the tokenomics is crucial for evaluating any digital asset.
- Circulating, Max, and Total Supply: All are identical at 5,067,352,632 PEOPLE. This fixed supply means no new tokens will be minted, making it a non-inflationary asset.
- Market Capitalization: This value fluctuates with the token's price and represents the total market value of all circulating PEOPLE tokens.
- Fully Diluted Market Cap: This metric calculates the market cap if the entire max supply were in circulation. Given that the entire supply is already circulating, it is the same as the regular market cap.
Live ConstitutionDAO (PEOPLE) Price and Market Performance
The cryptocurrency market is highly volatile, and token prices can change rapidly. Always refer to a live chart for the most current data.
Key Price Statistics (Illustrative):
- Current Price: ~$0.0174 (subject to change)
- 24h Price Change: Approximately -0.41%
- 24h Trading Volume: ~$12.85 Million
- All-Time High/Low: Historical data shows significant volatility, with a 52-week range spanning from roughly $0.0098 to over $0.09.
Performance is often measured by Return on Investment (ROI) over different periods, which can show short-term fluctuations and long-term trends. For the most accurate and real-time chart data and price alerts, it's essential to 👉 monitor live crypto charts.
How and Where to Buy PEOPLE Token
If you decide to acquire PEOPLE tokens after thorough research, they are available on several centralized (CEX) and decentralized (DEX) cryptocurrency exchanges. The process typically involves:
- Choosing a reputable exchange that lists PEOPLE/USDT or PEOPLE/USDC trading pairs.
- Completing account registration and verification (KYC) procedures.
- Depositing fiat currency or another cryptocurrency (like USDT or BTC).
- Placing a buy order for PEOPLE on the exchange's spot market.
Always ensure you are using the correct contract address to avoid scams and malicious tokens.
Understanding the Risks: Is PEOPLE a Good Investment?
This is the most critical question for any potential investor.
- High Volatility: Like most altcoins, PEOPLE is subject to extreme price swings driven by market sentiment, overall crypto market trends, and changes in its own community dynamics.
- Speculative Asset: Its value is largely derived from community belief and speculative trading rather than underlying cash-flow-generating utility.
- Not Financial Advice: This article does not constitute investment advice. You must conduct your own due diligence (DYOR). This includes reading the project's original documentation, understanding the team's background (if any), and assessing the token's liquidity and trading volume.
Investing in cryptocurrencies carries inherent high risk. Only invest capital you are prepared to lose entirely.
Frequently Asked Questions
What was the original purpose of the PEOPLE token?
The PEOPLE token was initially created as a governance token for contributors to ConstitutionDAO. It served as a proof-of-contribution and granted holders a voice in the DAO's decisions, primarily focused on the historic auction bid.
Can PEOPLE tokens be staked to earn rewards?
The ability to stake PEOPLE tokens depends entirely on the development of external platforms and decentralized finance (DeFi) protocols that choose to support it. The original ConstitutionDAO project itself does not offer a native staking mechanism.
What determines the value of the PEOPLE token now?
Its value is primarily determined by market forces of supply and demand on exchanges. Factors include overall crypto market sentiment, community-driven initiatives, speculative trading, and its perceived value as a historic artifact from a famous DAO.
How do I safely store my PEOPLE tokens?
After purchase, you can withdraw them from the exchange to a self-custody wallet. This can be a software wallet (like a browser extension or mobile app) or a more secure hardware wallet. Always safeguard your private keys and recovery phrases.
What does it mean that the supply is fixed?
A fixed max supply of approximately 5.06 billion tokens means there is a hard cap on how many PEOPLE will ever exist. This can create scarcity, which, if demand increases, can theoretically exert upward pressure on price, unlike inflationary tokens.
Are there any known risks specific to the PEOPLE token?
As a community-driven asset with no active central development team, its main risks include declining liquidity, loss of community interest, and the potential for increased price volatility due to lower trading volume compared to major cryptocurrencies.