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Convert
Korean Won (KRW) to ConstitutionDAO (PEOPLE) Instantly

KRW KRW
PEOPLE PEOPLE
Buy ConstitutionDAO (PEOPLE)

Purchase ConstitutionDAO (PEOPLE) with Korean Won (KRW) 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 KRW 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 exactly is the KRW/PEOPLE trading pair?

    The KRW/PEOPLE trading pair represents the exchange rate between the South Korean Won (KRW) and the ConstitutionDAO (PEOPLE) token. It allows traders to directly purchase PEOPLE, an ERC-20 governance token born from a significant DAO social experiment, using KRW on cryptocurrency exchanges. This pair is a key fiat on-ramp for Korean investors interested in this unique digital asset and its role in the history of decentralized autonomous organizations.

  • What are the common methods to buy PEOPLE with South Korean Won?

    The primary method is through centralized Korean cryptocurrency exchanges that list the KRW/PEOPLE pair. Users must first complete a mandatory KYC/AML verification process, often linking a real-name bank account as required by Korea's Financial Intelligence Unit (FIU). After verification, you can deposit KRW via a domestic bank transfer into your exchange wallet and then place a buy order on the PEOPLE/KRW order book.

  • Why is the PEOPLE token considered a unique digital asset?

    PEOPLE's uniqueness stems from its origin as a governance token for ConstitutionDAO, a Decentralized Autonomous Organization formed to bid on a copy of the U.S. Constitution at a Sotheby's auction. Although the bid failed, the token became a symbol of a large-scale, community-driven social experiment on the Ethereum blockchain. It is an ERC-20 token whose value is now entirely driven by community sentiment and its historical significance in the DAO ecosystem, rather than underlying technology or utility.

  • What fees are associated with KRW to PEOPLE transactions?

    Several fees can apply. First, your bank might charge a fee for the KRW deposit via bank transfer to the exchange. Second, the cryptocurrency exchange itself will charge a trading fee (often a 'maker' or 'taker' fee) for executing the KRW/PEOPLE trade. Finally, if you decide to move your PEOPLE tokens to an external, non-custodial digital wallet for secure storage, you will incur an Ethereum network 'gas fee' (paid in ETH), as PEOPLE is an ERC-20 token.

  • What is a key security practice after buying PEOPLE on a Korean exchange?

    A critical security step is to withdraw your PEOPLE tokens from the exchange to a personal, non-custodial digital wallet where you control the private keys. This is often called 'self-custody'. Leaving your digital assets on an exchange exposes them to risks like platform hacks or freezes. By moving them to a hardware wallet or a reputable software wallet, you gain full control and significantly enhance the security of your investment in this governance token.
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