ConstitutionDAO (PEOPLE): D-Score 59/100 — Moderately Decentralized

BlockIndex D-Score: 59/100 (Moderately Decentralized). ConstitutionDAO (PEOPLE) is a Layer 1 cryptocurrency using PoS consensus. ConstitutionDAO (PEOPLE): Community-driven ERC-20 governance token that rapidly crowdfunded an auction bid using Juicebox and decentralized coordination.

Source: https://blockindex.ai/coin/people · Data by BlockIndex.AI · Updated 2026-06-19

D-Score breakdown (0-100, higher means more decentralized)
Component: Score: Overall D-Score: 59: Node distribution: 0: Initial distribution: 25: Governance: 20: Age and history: 9: Autonomy: 5: Key facts
- Layer: Layer 1
- Consensus: PoS (N/A)
- Launch: Fair Launch (2021)
- Founder: No single founder — organized by contributors; key organizers: Brian Wagner, Liminal Warmth
- VC funded: No
- Max supply: N/A
- Circulating: 5,060,137,335

Market data (as of 2026-06-19)
- Price: $0.01
- Market cap: $28.09M
- 24h volume: $4.89M
- 24h change: -1.17% · 7d change: +3.91%

About
ConstitutionDAO (PEOPLE) was a focused, single-purpose, community-driven experiment that launched publicly in mid-November 2021 with the explicit goal of crowdfunding a bid for a rare physical copy of the United States Constitution sold at Sotheby’s. The project rapidly coalesced around a simple on-chain funding mechanism: contributors donated ETH into a Juicebox campaign and received PEOPLE ERC-20 tokens representing their contribution and governance preferences for the short, time-boxed campaign. Within days the campaign mobilized thousands of contributors, achieved broad social amplification on Twitter/X and Discord, and demonstrated an atypically fast, large-scale instance of web3 grassroots coordination. The core team (described in media and community posts as community organizers rather than a formal corporate team) coordinated the outreach, while Juicebox’s smart contract infrastructure handled the on-chain accounting and refund mechanics.

From a technical perspective, PEOPLE is an ERC-20 token deployed to the Ethereum mainnet (contract 0x7a58c0be72be218b41c608b7fe7c5bb630736c71). The token itself did not operate an independent blockchain; instead it relied on Ethereum’s account model and its post-Merge PoS consensus. The operational design was deliberately simple: token distribution matched contributions at a documented ratio (1 ETH : 1,000,000 PEOPLE) and the Juicebox contract provided a transparent mechanism for refunds and redemptions after the auction concluded. On-chain visibility was strong during the campaign — Etherscan and major market aggregators tracked holders, trades, and on-chain flows — and decentralized liquidity appeared on venues such as Uniswap V3 and 0x protocol pools.

In terms of use cases and ecosystem participation, ConstitutionDAO was explicitly a mission-driven governance token rather than a long-term utility token. PEOPLE was used to express contributor preferences during the narrow fundraising window; beyond that, official communications documented an orderly wind-down and refund pathway rather than an ongoing roadmap. Despite its single-purpose nature, the project produced measurable market activity: CoinMarketCap and CoinGecko listed PEOPLE with price and market cap snapshots, DEX liquidity enabled trading, and community channels (Discord, Twitter/X) saw rapid adoption during the campaign. Real-world impact was immediate and memorable — tens of millions of dollars worth of ETH were raised from roughly 17,000 contributors, demonstrating how tokenized crowdfunding and transparent smart-contract accounting can be marshalled quickly for a physical-world objective.

The tokenomics were straightforward and community-oriented: a fixed supply distributed to contributors via the Juicebox fundraiser, with no documented founders’ premine or ongoing developer fund in the scraped sources. Market snapshots available in the referenced sources show a max and circulating supply ~5.06 billion PEOPLE, with price and market-cap figures recorded on major aggregators. Governance was largely off-chain and community-driven for the campaign (token-based expression rather than a persistent on-chain DAO governance regime), and legal arrangements referenced an LLC/non-profit connection to enable refunds and a formal wind-down. The project’s lifecycle — viral fundraising, auction participation, and an organized refund/wind-down — serves as a compact case study in short-duration DAOs and illustrates the strengths and limits of community-governed, mission-specific token efforts.

Links
- Website: https://coinmarketcap.com/currencies/constitutiondao/
- Whitepaper: N/A
- GitHub: N/A

---
About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore