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Convert
Singapore Dollar (SGD) to ConstitutionDAO (PEOPLE) Instantly

SGD SGD
PEOPLE PEOPLE
Buy ConstitutionDAO (PEOPLE)

Purchase ConstitutionDAO (PEOPLE) with Singapore Dollar (SGD) 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)

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btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose SGD 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 SGD/PEOPLE trading pair and its significance?

    The SGD/PEOPLE trading pair allows you to purchase PEOPLE tokens, the governance token of ConstitutionDAO, using Singapore Dollars (SGD). Its significance stems from ConstitutionDAO's historical attempt as a Decentralized Autonomous Organization (DAO) to buy a copy of the U.S. Constitution. The PEOPLE token represents participation in this massive Web3 crowdfunding event, making this pair a fiat on-ramp to owning a piece of crypto history.

  • What are the common methods for buying PEOPLE with SGD in Singapore?

    To buy PEOPLE with SGD, you'll typically use a cryptocurrency exchange that is compliant with the Monetary Authority of Singapore (MAS) regulations. The process involves creating an account, completing KYC/AML verification, and then depositing SGD via common local methods like PayNow or FAST bank transfers. Once your SGD is in the account, you can place an order on the SGD/PEOPLE order book to acquire the digital asset.

  • What is the underlying technology of the PEOPLE token?

    The PEOPLE token is an ERC-20 token built on the Ethereum blockchain. It does not have its own unique blockchain or complex smart contract utility. Its primary function was to serve as a governance token for the ConstitutionDAO, with token distribution managed through the Juicebox protocol, a platform for community-funded Ethereum projects. Its value is now primarily driven by the community and the historical narrative associated with the DAO.

  • What are the typical fees when converting SGD to PEOPLE?

    When converting SGD to PEOPLE, expect several potential fees. First, there may be a deposit fee for your SGD, though many platforms offer free FAST transfers. Second, the cryptocurrency exchange will charge a trading fee (maker or taker fee) for the transaction itself. Finally, if you move your PEOPLE tokens to a personal digital wallet, you will incur a network fee, known as a gas fee (paid in Gwei), because it is an ERC-20 token requiring an Ethereum blockchain transaction.

  • Is holding the PEOPLE token the same as being part of a functional DAO?

    No. Initially, PEOPLE was intended as a governance token for ConstitutionDAO. However, after the DAO failed its bid and was disbanded, the token no longer serves a governance function for an active project. Holding PEOPLE is more akin to owning a historical artifact of a significant social experiment in the Web3 space, rather than participating in the ongoing governance of a decentralized organization. Its value is purely memetic and community-driven.
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