ConstitutionDAO
Current price
$0.00731
−7.35%24h
LiveUpdated 31s ago
TodayConstitutionDAO drops 7.4%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.41%
- 24 hours−7.35%
- 7 days−10.64%
- 30 days−5.69%
- 1 year−41.43%
ConstitutionDAO's move in context
Lagging the market today
−7.35% today against −3.26% for the market as a whole, a gap of 4.1 points. A gap this wide suggests something specific to ConstitutionDAO may be moving it, not just the market mood.
Part of a slide
−10.6% over 7 days and −5.7% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About ConstitutionDAO
Overview
ConstitutionDAO is a decentralized autonomous organization (DAO) aimed at purchasing a physical copy of the United States Constitution. Its core mission centers around engaging the community in the historical preservation of important artifacts while educating the public about democratic participation and the significance of collective ownership. Instead of being a traditional cryptocurrency, ConstitutionDAO represents a novel application of blockchain technology to raise funds through community contributions, enabling a collective bid on significant cultural items. It stands out from other cryptocurrencies by emphasizing social engagement, civic education, and direct action in preserving history, rather than purely speculative financial investment.
Technical Features
ConstitutionDAO operates on Ethereum, utilizing its robust blockchain infrastructure. The core technical features include a community-driven governance model, where token holders can propose and vote on decisions about the DAO's activities. Its consensus mechanism is based on Ethereum’s Proof of Work (PoW), which secures transactions and ensures network integrity. Security is enhanced through smart contracts, which automate fund management and governance processes, minimizing human error and enhancing trust. By leveraging ERC-20 tokens, ConstitutionDAO allows for the easy transfer and trade of tokens within its ecosystem. The decentralized nature of the organization also fosters transparency, as all transactions and decisions are recorded on the blockchain, enabling community trust and verification.
Use Cases
The primary use case of ConstitutionDAO is collective fundraising for the purchase of significant documents and artifacts, bringing together individuals who share a common goal of preserving cultural heritage. Additionally, it highlights the importance of decentralized governance where each member can participate in decision-making, thus empowering civic engagement. Beyond artifact acquisition, the DAO could function as a model for other collective purchasing initiatives in various sectors, such as art, historical real estate, or even social initiatives, showcasing the versatility of its framework. While it doesn't operate within traditional decentralized finance (DeFi) protocols, its governance model and community participation align with the ethos of DeFi.
Development Background
ConstitutionDAO emerged during a unique moment in history, capturing attention through its bid for an original copy of the Constitution at a Sotheby’s auction in November 2021. A grassroots movement sparked its development, driven by a voluntary group of enthusiasts, developers, and activists looking to challenge the traditional means of cultural artifact ownership. Its initial success highlighted the power of decentralized collaboration, though the bid ultimately did not succeed. Despite this, it served as a catalyst for future DAOs and community-driven initiatives, proving the effectiveness of collective action in the digital age.
Community and Ecosystem
The ConstitutionDAO ecosystem comprises a vibrant community of supporters and contributors who actively engage in governance, discussions, and subsequent projects. Partnerships with various blockchain technology firms and civic organizations have developed to support and expand its mission. Various educational initiatives have emerged, focusing on instilling the principles of decentralized governance and civic activism in the community. The involvement of established developers and passionate volunteers further strengthens the ecosystem, leading to meaningful dialogues on the future of decentralized ownership and community engagement.
Future Potential
Looking ahead, ConstitutionDAO holds significant potential to catalyze new projects that leverage decentralized governance for cultural preservation and civic engagement. As the community continues to grow, it may diversify into other historical artifacts and document acquisitions, thus reinforcing the importance of shared ownership. The roadmap includes enhancing community tools for governance, fostering partnerships for broader impact, and potentially integrating new technologies that can streamline processes. The groundwork laid by ConstitutionDAO inspires discussions around the implications of DAOs in broader society, making it a critical player in evolving how citizens interact with cultural heritage and governance.
ConstitutionDAO market
- Position by market cap among the coins we track.
- #261
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $36.99M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.00721High $0.00799
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.1850
- Now 4% of itReached 23 Dec 2021 · Needs +2,431% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 5.06B PEOPLE
- 236% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 2.15B PEOPLE
- The most coins that can ever exist. Some coins have no limit.
ConstitutionDAO converter
1 ConstitutionDAO = $0.00731
