ConstitutionDAO (PEOPLE) is a unique crypto project that utilized the decentralized autonomous organization (DAO) concept to crowdfund community contributions for bidding on an original copy of the US Constitution. The DAO was formed in November 2021 and raised $47 million from its community to participate in a Sotheby's auction. However, after losing the bid, the DAO became defunct. PEOPLE is the native token of ConstitutionDAO and serves as the governance token of the decentralized community. Token holders had voting rights within the DAO to determine the placement of the constitution if the DAO had won the auction. Despite the DAO's dissolution, the PEOPLE token gained popularity as a meme coin in the crypto market.

ConstitutionDAO started as a crowdfunding campaign on the Ethereum blockchain. The DAO aimed to collect funds from its community to bid for one of the 13 original copies of the United States Constitution at a Sotheby's auction. PEOPLE, the governance token of the ConstitutionDAO, allowed token holders to participate in the DAO community, although it didn't grant ownership rights. The DAO successfully raised $47 million but lost the auction to Ken Griffin. As a result, the DAO decided to wind down its operations and offered redemption for PEOPLE token holders, allowing them to exchange their tokens for Ethereum at a ratio of 1 ETH : 1,000,000 $PEOPLE.

ConstitutionDAO originated from a meme on social media and evolved into a crowdfunding project to democratize ownership of an original copy of the US constitution. Founded by a core group of 30 individuals, including Jonah Erlich, the DAO gained traction through viral memes and raised approximately $47 million in ETH from over 17,000 contributors. ConstitutionDAO utilized the Juicebox crowdfunding platform and attracted over 20,000 members on its Discord server. Following its dissolution, ConstitutionDAO allowed $PEOPLE holders to claim refunds through Juicebox.

The ConstitutionDAO token remains active in the market even though its founders have dissolved the DAO. Despite the community being given an option to claim their unclaimed $PEOPLE tokens or redeem them for ETH, several traders continue to hold and trade PEOPLE in the market.

The PEOPLE price has seen considerable volatility and movement despite the cryptocurrency no longer having any utility. Looking ahead, could the ConstitutionDAO price experience an uptrend towards its highest price and beyond as more traders buy and hold the crypto instead of redeeming them for Ethereum?

Is there some expectation from supporters that the ConstitutionDAO founders could revive the DAO in the future with a new purpose or mission? If this happens, could the PEOPLE price pick up again, making it an attractive investment to include in your portfolio?

Although it is impossible to offer an accurate PEOPLE price prediction over any duration, could the value of ConstitutionDAO asset pick up if interest in owning and holding the cryptocurrency rises among investors? In such an event, could the PEOPLE value make gains?

Could the price of ConstitutionDAO token and its market cap also improve as the overall market sentiment toward cryptocurrencies is boosted? When leading cryptos like Bitcoin and Ethereum pick up, does the increased investor confidence encourage higher buying activity, driving up the price of PEOPLE and other crypto assets in the market?

If the ConstitutionDAO announces some new feature or utility for its DAO and native token, could we see the price of PEOPLE crypto pick up significantly? Does any token with real-world utility become a more attractive asset to invest in and encourage more investors to buy and HODL it, which could positively boost the PEOPLE price statistics and take the token towards its all-time high and beyond?

The following have been some use cases for the $PEOPLE crypto:

Governance Token

Was the PEOPLE token the governance token of the ConstitutionDAO when it was operational? Did token holders enjoy voting rights and could they decide where the US constitution bid for and won would be displayed or located if the project had succeeded?

Crypto Asset to Trade and HODL

While the DAO has become defunct after losing out to another bidder in the auction, does the PEOPLE token remain a popular crypto asset to trade and hold? Can you buy or sell ConstitutionDAO against other cryptocurrencies or hold it long-term if you believe the DAO would revive or the crypto would find some other utility in the future? Check the current price of ConstitutionDAO, PEOPLE market cap, 24-hour trading volume, and circulating supply, and perform technical, sentiment, and fundamental analysis on the PEOPLE price chart before you trade ConstitutionDAO in the market.

Redeem for ETH

After closing down the DAO, did its founders announce a scheme for PEOPLE holders to redeem their tokens for ETH via Juicebox? Can you exchange your PEOPLE tokens on the platform for Ether at a ratio of 1 ETH : 1,000,000 $PEOPLE?

Earn Passive Income

Could you also invest in PEOPLE as a way to earn passive income? Can you head to BYDFis Crypto Lending page to lend liquidity for PEOPLE on their platform? Can you earn attractive daily interest over seven days, 14 days, or 28 days by putting your PEOPLE crypto to work?

When the ConstitutionDAO closed shop, did the team of founders burn their multi-sig to prevent any more fundraising efforts or minting PEOPLE tokens? If you contributed ETH funds to the ConstitutionDAO when the project was still operational on Juicebox, can you claim PEOPLE tokens via the platform?

Here are the steps to follow:

1. Connect your wallet to the Juicebox app.

2. View the Your Balance section to know how many unclaimed PEOPLE tokens you are eligible for.

3. Enter the number of PEOPLE tokens in ERC-20 format you wish to claim in the text box.

4. Click on Claim to process the transaction.

5. Review the gas fees and other details before confirming through your wallet.

6. A few minutes after the transaction processes successfully, your wallet will receive the newly claimed $PEOPLE tokens.

After announcing the dissolution of the ConstitutionDAO, did its team of developers give the option for PEOPlE holders to redeem their tokens for Ether? Heres how you can redeem PEOPLE for ETH:

1. Open the ConstitutionDAO profile on the Juicebox app.

2. Connect your wallet to the app by clicking on the Connect button on the top right section of the page.

3. Review the information under the Your Balance section to determine how many $PEOPLE tokens you can redeem. Note that you have two options: either claim or redeem them.

4. Click on the Redeem button and enter the number of PEOPLE tokens you wish to redeem.

5. Review the gas fees and other transaction details on your wallets interface before clicking on Confirm to process the transaction.

6. Once the transaction processes, you will receive ETH in your wallet at a ratio of 1 ETH : 1,000,0000 PEOPLE.