ConstitutionDAO
- Primary Nature
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A viral, single-purpose fundraising DAO formed in November 2021 to bid on an original copy of the U.S. Constitution at Sotheby's auction. Raised $47M+ in ETH from 17,000+ contributors in under a week, lost the auction to a rival bid of $43.2M, and formally wound down after issuing refunds. Its own site now states “we now believe this project has run its course.” - Core Philosophy
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Rapid, leaderless crowdfunding coordination around a single shared goal and hard deadline — no lead investor, no bank account, trust built publicly rather than through a legal entity. - Governance & Voting
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Contributors received $PEOPLE tokens proportional to their ETH contribution via the Juicebox funding protocol (cataloged separately on this site as tooling, not a DAO itself); coordination happened informally through Discord and Twitter rather than a formal on-chain proposal process, reflecting the project's fast-moving, single-deadline character. - Financial & Treasury Tools
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$47M+ raised in ETH from over 17,000 contributors in under a week, funded via the Juicebox protocol. - Legal & Tax Architecture
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No bank account and no legal entity formed. Trust was established via a 9/13 multisig held by core team members and known web3 community figures, rather than a legal wrapper. - Technology Interface
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Juicebox for on-chain fundraising; the $PEOPLE ERC-20 token as a proportional contribution receipt. - Pricing Model
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N/A — a one-time fundraising campaign, not an ongoing membership or tool.