ConstitutionDAO

ConstitutionDAO (PEOPLE) is a meme token that originated from a 2021 crowdfunding attempt to purchase an original printed copy of the United States Constitution at auction. The effort was organized by a decentralized group of internet participants who pooled funds together, and PEOPLE was issued to contributors as a record of participation. It sits within the Meme and PolitiFi categories on the Ethereum blockchain and has no stated ongoing utility beyond representing that historical moment.

PEOPLE is an Ethereum-based token, meaning it settles on the Ethereum network and inherits that network's consensus mechanism rather than operating one of its own. The token itself carries no protocol function — it does not govern a system, provide access to a service, or entitle holders to any distribution. Its circulating supply of approximately 5.07 billion units represents 100 percent of all tokens that will ever exist, as no maximum supply cap is recorded and the dilution overhang stands at zero percent.

The data stored for PEOPLE records no fee stream, no protocol revenue, and no mechanism by which fees are collected, distributed, or retained. This means that standard fee-based measures used elsewhere on this site are not applicable here. What the token does carry is a 24-hour turnover ratio of roughly 14.9 percent, which reflects trading volume relative to market capitalisation over that period, but this represents secondary-market activity rather than any underlying protocol cash flow.