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Convert
Indonesian Rupiah (IDR) to ConstitutionDAO (PEOPLE) Instantly

IDR IDR
PEOPLE PEOPLE
Buy ConstitutionDAO (PEOPLE)

Purchase ConstitutionDAO (PEOPLE) with Indonesian Rupiah (IDR) 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
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btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose IDR 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 IDR/PEOPLE trading pair and what does it represent?

    The IDR/PEOPLE pair allows users to trade Indonesian Rupiah (IDR) directly for PEOPLE, the ERC-20 governance token of ConstitutionDAO. This pair provides a direct fiat on-ramp for Indonesian investors to acquire a digital asset born from one of the most famous decentralized autonomous organization (DAO) crowdfunding experiments, which aimed to buy a copy of the U.S. Constitution.

  • What are the common methods to buy PEOPLE with Indonesian Rupiah (IDR)?

    To buy PEOPLE with IDR, you typically need to use a cryptocurrency exchange that lists the IDR/PEOPLE trading pair and operates in Indonesia. The process involves completing KYC/AML verification, depositing IDR via local payment methods like bank transfers or e-wallets (e.g., OVO, GoPay), and then placing a buy order on the exchange's order book for this specific digital asset.

  • What is the underlying technology of the PEOPLE token?

    The PEOPLE token is an ERC-20 token built on the Ethereum blockchain. This means it adheres to a common standard that ensures interoperability within the Ethereum ecosystem. Its creation and distribution were managed by smart contracts, specifically through the Juicebox protocol, which facilitated the DAO's crowdfunding effort. Its existence is secured by the Ethereum network's consensus mechanism.

  • Are there regulatory considerations, like BAPPEBTI approval, for trading IDR/PEOPLE?

    Yes, in Indonesia, the trading of digital assets is overseen by the Commodity Futures Trading Regulatory Agency (BAPPEBTI). It's crucial to use a local cryptocurrency exchange that is registered with and approved by BAPPEBTI. This ensures the platform adheres to local laws, including KYC/AML compliance, providing a more secure trading environment for your IDR to PEOPLE transactions.

  • After buying PEOPLE, what type of digital wallet is needed for secure storage?

    Since PEOPLE is an ERC-20 token on the Ethereum blockchain, you need an Ethereum-compatible digital wallet. For maximum security, a hardware wallet is recommended. Alternatively, reputable software wallets like MetaMask or Trust Wallet are common choices. It is a security best practice to move your digital assets from the exchange to a self-custody wallet where you control the private keys.
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