ConstitutionDAO
PEOPLE
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ConstitutionDAO (PEOPLE) is a defunct single-purpose project that was formed in November 2021 to bid on a copy of the U.S. Constitution and formally dissolved after losing the Sotheby's auction. Following the auction, the team wound down transparently by relinquishing contract ownership and offering a permanent ETH redemption path via Juicebox at a 1:1,000,000 ratio. Data gaps exist for Active Development and Community Support (-1.0), as both official development and support infrastructure ceased post-dissolution. Tokenomics (3.5/10) reflect sound fixed-supply mechanics without inflation or team vesting overhang, but suffer from minimal structural utility outside of speculative trading and ETH redemption. Market and Use Case (2.5/10) shows that despite being a legacy asset with no active product, PEOPLE maintains liquid secondary trading. Team and Governance (6.0/10) and Security and Audit History (4.5/10) confirm that the token contract was audited by Hacken and has suffered no smart contract exploits, rug pulls, or regulatory actions, although ongoing protocol stewardship is absent.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About ConstitutionDAO (PEOPLE)
ConstitutionDAO (PEOPLE) is a defunct single-purpose decentralized crowdfunding project that formally dissolved in November 2021 after failing to win the Sotheby's auction for a first-edition copy of the U.S. Constitution. Operating as an ERC-20 token on the Ethereum blockchain, the project initially raised over $40 million from contributors to purchase the historical document. Following the unsuccessful auction bid, the core organizers ceased operations, archived the project's code repositories, and stepped down from active management.
The smart contract ownership was renounced following audits by firms including Hacken and Trustlook, leaving the token with a fixed supply cap and no ongoing issuance or team vesting allocations. ConstitutionDAO provided a permanent redemption mechanism via the Juicebox smart contract, allowing holders to burn PEOPLE tokens in exchange for Ethereum at a fixed ratio of 1,000,000 PEOPLE to 1 ETH. Although an unaffiliated successor community organization named PeopleDAO later adopted the token for Snapshot governance votes, the token itself accrues no native protocol revenue or operational utility beyond redemption.
ConstitutionDAO carries significant risks tied to its legacy, defunct status. The project has no active development team, no operational roadmap, and no formal community support infrastructure. While the token maintains liquidity on secondary markets, it trades significantly below its all-time high and has been subject to exchange-level actions such as margin delistings. Its market valuation remains primarily driven by speculative sentiment rather than active product development or fundamental demand.