ConstitutionDAO (CRYPTO: PEOPLE) — Company Overview, News & Financial Data
ConstitutionDAO is a decentralized autonomous organization established to pool funds for purchasing an original copy of the United States Constitution at auction.
ConstitutionDAO
About
ConstitutionDAO is a decentralized autonomous organization established to pool funds for purchasing an original copy of the United States Constitution at auction. Organized in November 2021, the collective raised more than forty million dollars in Ether from thousands of individual contributors via the Juicebox crowdfunding platform. Participants received the project's native token representing their contributions. Following an unsuccessful auction bid at Sotheby's, the core team decided to wind down official operations, making full refunds available to participants through a smart contract that redeems the tokens for Ether at the initial contribution ratio or allows holders to retain them.
Snapshot
Operations
Products and/or services of ConstitutionDAO
- Token Redemption Contract: Smart contract infrastructure hosted on the Juicebox platform that allows token holders to burn their tokens in exchange for Ethereum at a fixed ratio of one ETH per one million tokens.
- PEOPLE ERC-20 Token: Ethereum-based digital asset issued to contributors during the crowdfunding campaign at a fixed ratio of one million tokens per Ether, possessing no official utility or governance rights other than contract redemption.
- Token Claim Portal: Web-based interface enabling original crowdfunding campaign participants to deposit their unclaimed tokens directly into connected Ethereum wallet addresses following the conclusion of the initial capital raising initiative.
- Juicebox Crowdfunding Module: Decentralized fundraising contract deployed on the Ethereum blockchain that pooled over forty million dollars in Ether from thousands of individual contributors to fund a competitive physical asset auction bid.