How to buy ConstitutionDAO (PEOPLE) in the UK

Learn how to buy ConstitutionDAO (PEOPLE) in our step-by-step guide.

Where to buy ConstitutionDAO in the UK

It looks like PEOPLE may not be available to purchase on an exchange in the UK.

You can still purchase PEOPLE by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase PEOPLE using a decentralised exchange.
  1. Find PEOPLE on a decentralised exchange and make sure ConstitutionDAO can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for PEOPLE using an exchange like CoinJar. You will need to purchase enough ETH to swap for PEOPLE as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for PEOPLE on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the PEOPLE tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

Best ConstitutionDAO wallets to store your PEOPLE

You can keep your PEOPLE on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your PEOPLE below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is ConstitutionDAO a good investment?

PEOPLE is an integral part of the PeopleDAO ecosystem. However, when it comes to DAO cryptocurrencies it is extremely important to evaluate both the token and associated protocol. Here are a few factors to consider before investing in PEOPLE:

  • Uncertainty: The future of the project is in the hands of token holders, and as of February 2022, no concrete plans have been published. The project is still considered by many to be an experiment.
  • Meme coin: The community of token holders embrace meme culture, and many consider PEOPLE as a meme coin.
  • Token supply: The token has a maximum supply of around 5.06 billion circulating in the market. This means that no new tokens will ever be minted.
  • Governance: The project is experimenting with a metaDAO structure that will consist of multiple subDAOs, each with its own specific function. The project has recently launched the “Language” subDAO for the purpose of providing services that lower language barriers in Web3. Others are set to follow.
  • Security: The keys to the DAO treasury are held by nine co-signers of a multi-signature wallet. The co-signers are elected by DAO members through a democratic voting process.
  • Multi-chain future: While the DAO’s smart contracts are initially being launched on Ethereum and Solana it appears that its members see a multi-chain future, considering that they have launched a subDAO on Harmony.

Today's ConstitutionDAO price versus ATH

Compare today's price of ConstitutionDAO ($0.01827114 USD) against its all-time-high price of $0.185022 USD on 23 December 2021. The closer the bar is to 100%, the closer PEOPLE is to reaching its ATH again.

ConstitutionDAO's price: $0.01827114
ATH date: December 23, 2021
9.88%

ConstitutionDAO ATH: $0.185022


How to trade, convert or sell ConstitutionDAO

You can convert or sell your PEOPLE with the same exchange you bought it through:
  1. Sign in to the exchange you have PEOPLE on.
  2. If you store your ConstitutionDAO in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of PEOPLE you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of ConstitutionDAO.
  6. Complete your transaction and move your PEOPLE to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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