Anyone Participated on ConstitutionDao?

[cryptoaddictchie]

Anyone donated on constitutionDao? To buy the US piece onf constitution via Bidding auction?

Just today they announced that they didn't win it cause someone outbid their bid with $43.2m that means the dao didn't acquired the piece and now announcing a refund to all donators.

What do you think is the best approach for them to look for ward? I contributed a little seems everyone seems to get hype by the act of buying the US consti.

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[rhomelmabini]

I thought they got a chance of winning the piece but to my surprise as well when I saw a Decrypt article later this morning that they failed. The article says they haven't place the final bid and viewers are also confuse on who was bidding on behalf of ConstitutionDAO. May I know on what token would they refund to the donators, I guess they are using L2 tokens to get this done, just my two cents.

[cryptoaddictchie]

I thought they got a chance of winning the piece but to my surprise as well when I saw a Decrypt article later this morning that they failed. The article says they haven't place the final bid and viewers are also confuse on who was bidding on behalf of ConstitutionDAO. May I know on what token would they refund to the donators, I guess they are using L2 tokens to get this done, just my two cents.

Yeah me too. But there is some guy who outbid them probably wanted them to look like shit in my opinion. Regarding refunds, not sure yet of the details, but probably eth, problem is the tokens minted are now been traded on some dex. I'm not sure also, cause Ive already minted the tokens "people", whether if I sold it on uniswap, if am still eligible for refund since its gonna be a two way payment. But I'm waiting for details.

[rhomelmabini]

I thought they got a chance of winning the piece but to my surprise as well when I saw a Decrypt article later this morning that they failed. The article says they haven't place the final bid and viewers are also confuse on who was bidding on behalf of ConstitutionDAO. May I know on what token would they refund to the donators, I guess they are using L2 tokens to get this done, just my two cents.

Yeah me too. But there is some guy who outbid them probably wanted them to look like shit in my opinion. Regarding refunds, not sure yet of the details, but probably eth, problem is the tokens minted are now been traded on some dex. I'm not sure also, cause Ive already minted the tokens "people", whether if I sold it on uniswap, if am still eligible for refund since its gonna be a two way payment. But I'm waiting for details.

That must be the case but I guess even if they bid during the last I guess it will still be outbid again and will not give them a chance. If it's in ETH refund I don't think that will end up nicely considering how gas fee sucks most of it. I guess that's what they'll do because if they just refund the original donations that will really not in favor to them, minting would be their option.

[vv181]

I saw the hype is spread around lately especially on Twitter. But I do not get the point why would they try to buy it. I mean, let's say it got bought by ConstitutionDAO, but what is the underlying benefit of buying the piece of the constitution for them? if someone can shed a light on me, I would appreciate it.

[cryptoaddictchie]

I saw the hype is spread around lately especially on Twitter. But I do not get the point why would they try to buy it. I mean, let's say it got bought by ConstitutionDAO, but what is the underlying benefit of buying the piece of the constitution for them? if someone can shed a light on me, I would appreciate it.

In my opinion, that would be a big progress on the crypto if ever they did won the auction. That's show that dao could do something more valuable than simply benefiting on that part. Of course governance token can create such rule to what can be do on that piece of paper. It's a copy of constitution we're talking about that could be one of the greatest history on crypto if done good.

[Daltonik]

Despite the fact that the ConstitutionDAO community was unable to purchase the US constitution, the People ConstitutionDAO token has grown since November 23 from $0.0041 to a new ATH and was almost $0.16 on November 27, now it is trading around $0.11. https://www.coingecko.com/en/coins/constitutiondao