people coinor as it is also known ConstitutionDAO The token was used by a DAO (Decentralized Autonomous Organization) founded by a group of investors to raise money to purchase a rare copy of the US Constitution. However, after the project failed, the DAO was closed and the collected funds were returned.
Usage Areas and Advantages: PEOPLE Coin Features
People Coin is an ERC-20 token running on Ethereum blockchain technology. ERC-20 is a standard for tokens on the Ethereum network, which allows People Coin to benefit from the broad compatibility and security benefits that Ethereum offers. Ethereum’s smart contract features allow token holders to participate in voting and governance processes.
Technology and Infrastructure: Ethereum Blockchain Foundation
Originally used to finance a DAO’s asset acquisition, PEOPLE is now used in various decentralized finance (DeFi) projects and social enterprises. The token also attracts attention with its limited edition and deflationary features. Users can vote on projects and participate in governance through this token.
How to Buy and Store?
People Coin is traded on various cryptocurrency exchanges and can be stored in Ethereum wallets. Purchases can usually be made using Ethereum or other major cryptocurrencies and are compatible with popular Ethereum wallets such as Metamask. The token can also be stored in cold wallets for security.
PEOPLE Coin Reviews and Potential
The future of People Coin will be shaped by its continued support from the community. New DAOs and DeFi projects can continue to use this token and more communities and ecosystems can be built around it.
However, it would be quite wrong to say that the project has a future. Because the main executors of the project have now stopped all work. All current work is carried out by volunteers with the support of a community.
*The cover image was created by artificial intelligence, there are no original press images of the project.
