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Convert
Colombian peso (COP) to ConstitutionDAO (PEOPLE) Instantly

COP COP
PEOPLE PEOPLE
Buy ConstitutionDAO (PEOPLE)

Purchase ConstitutionDAO (PEOPLE) with Colombian peso (COP) easily at Switchere and benefit from fast, secure transactions.

About
ConstitutionDAO (PEOPLE)

ConstitutionDAO (PEOPLE) represents a landmark social experiment in the history of decentralized autonomous organizations (DAOs). Its primary purpose was to collectively raise capital using blockchain technology to purchase a rare, original copy of the U.S. Constitution at a Sotheby's auction. This initiative demonstrated the power of Web3 infrastructure for rapid, large-scale decentralized fundraising, amassing over $40 million in Ethereum in less than a week. The project operated on the Ethereum network, utilizing the Juicebox protocol for its crowdfunding smart contracts, which ensured transparency and automated treasury management.

The native digital asset, PEOPLE, was issued to contributors and functioned as a governance token, granting holders voting rights on the DAO's future decisions, such as storage and exhibition of the artifact if the bid were successful. Although the DAO was ultimately outbid, the PEOPLE token's story evolved. After the treasury was opened for refunds, the token became a symbol of community power and the potential of collective action in the digital age. It persists as a memetic token, embodying one of the most significant moments in DAO history and showcasing the on-chain coordination capabilities of a decentralized network.

ConstitutionDAO (PEOPLE)

How to Buy ConstitutionDAO (PEOPLE)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose COP to PEOPLE Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your ConstitutionDAO Wallet Address

    Provide your PEOPLE wallet address and proceed with the payment.

  3. 03

    Receive Your ConstitutionDAO

    Complete the payment, and your PEOPLE will be sent to your wallet.

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Frequently asked questions

  • What is the COP/PEOPLE trading pair and what does it represent?

    The COP/PEOPLE pair allows you to exchange Colombian Pesos (COP) for PEOPLE tokens. The PEOPLE token is an ERC-20 digital asset that originated from ConstitutionDAO, a decentralized autonomous organization (DAO) formed to bid on a copy of the U.S. Constitution at a Sotheby's auction. While the bid was unsuccessful, the token now represents participation in a significant social experiment and community-led project on the Ethereum network.

  • What is the most common method to buy PEOPLE with Colombian Pesos (COP)?

    The most common method involves using a cryptocurrency exchange that acts as a fiat on-ramp for COP. You would need to create an account, complete the required KYC/AML compliance, and then deposit COP using popular local payment methods like PSE (Pagos Seguros en Línea) or a bank transfer from institutions like Bancolombia. Once your account is funded, you can place an order for PEOPLE on the platform's order book.

  • What is the underlying technology of the PEOPLE token?

    The PEOPLE token is an ERC-20 token, which is the standard technical specification for fungible tokens created on the Ethereum blockchain. This means its transactions are secured by Ethereum's proof-of-stake consensus mechanism. As an ERC-20 token, it can be stored in any Ethereum-compatible digital wallet and interacts with the vast ecosystem of decentralized applications (dApps) and DeFi protocols built on Ethereum.

  • Are there specific KYC requirements in Colombia to trade the COP/PEOPLE pair?

    Yes, any reputable cryptocurrency exchange offering a direct fiat on-ramp from Colombian Pesos (COP) will enforce strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. To engage in secure trading, users are typically required to verify their identity by submitting official documents, such as a Cédula de Ciudadanía, and potentially proof of address to comply with both local and international financial regulations.

  • What fees are associated with blockchain transactions when moving PEOPLE tokens?

    When you move PEOPLE tokens from an exchange to a private digital wallet, you will incur a network fee, also known as a 'gas fee'. Since PEOPLE is an ERC-20 token on the Ethereum network, this fee is paid in ETH to compensate miners (or validators in PoS) for processing and securing the blockchain transaction. Gas fees fluctuate based on network congestion. This is separate from any trading or withdrawal fees charged by the exchange itself.
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