ConstitutionDAO

ConstitutionDAO (PEOPLE) is a meme token that grew out of a 2021 crowdfunding effort in which participants pooled funds in an attempt to purchase an original copy of the United States Constitution at auction. The effort was unsuccessful, and the token that remained afterward has since circulated as a cultural artifact and meme asset within the Ethereum ecosystem. It falls under the broader PolitiFi category, a loosely defined group of tokens connected to political or civic themes, and has no ongoing functional claim or governance role tied to any active protocol.

PEOPLE is an ERC-20 token living on the Ethereum blockchain, meaning it relies on Ethereum's proof-of-stake consensus for settlement and security rather than running its own chain. The token itself has no embedded utility mechanism — it does not power a protocol, grant governance rights over any active system, or entitle holders to fees or revenues. The entire circulating supply of 5,066,480,892 tokens is already in circulation, and there is no maximum supply cap recorded in the data.

The project carries no recorded fee stream in the data held on this site, meaning there is no protocol revenue, no fee collection, and no distribution mechanism to describe. Because there is no fee-based income, the standard fee-derived measures used elsewhere on this site are not applicable here. The token's economic activity is limited to secondary-market trading; the 24-hour turnover figure of 16.86% of market cap reflects how actively it trades relative to its size, but this represents speculative exchange volume rather than any underlying business activity.