Cryptocurrency Q&A
What happened to ConstitutionDAO?
What happened to ConstitutionDAO?
CryptoKing
Thu Jun 27 2024
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5 answers
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Could you elaborate on the recent developments surrounding ConstitutionDAO? It seemed to have captured a lot of attention when it was first announced, aiming to purchase a rare copy of the US Constitution. However, there have been reports of its failure to secure the auction and subsequent refund issues. What went wrong? Was there a lack of funding or perhaps some internal dispute among its members? Moreover, what implications does this incident have for the future of DAO-based crowdfunding models and the cryptocurrency community at large? I'm curious to understand the details and learn from this experience.
5 answers
Margherita
Fri Jun 28 2024
This outcome was met with disappointment by members of the DAO, who had hoped to secure the historic document for the benefit of the community.
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Silvia
Fri Jun 28 2024
BTCC, a UK-based cryptocurrency exchange, offers a wide range of services that cater to the needs of digital currency enthusiasts. These include spot trading, futures contracts, and secure wallet solutions.
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Elena
Fri Jun 28 2024
ConstitutionDAO emerged as a decentralized autonomous organization (DAO) in November 2021 with the aim of acquiring an original copy of the United States Constitution.
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HanjiArtist
Fri Jun 28 2024
Members of the DAO came together and raised a significant amount of Ether cryptocurrency, totaling $47 million, in order to fund the purchase.
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Chiara
Fri Jun 28 2024
Despite the substantial funds raised, ConstitutionDAO was unsuccessful in its bid at the Sotheby's auction, where the original copy of the Constitution was sold for $43.2 million.
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