We the People of the United States, in Order to form a more perfect Union … can join this group of crypto investors in bidding on a first-edition copy of the U.S. Constitution.
Sotheby’s is auctioning one of the 13 copies of the Official Edition of the Constitution that has survived from a 1787 printing of 500, which was given to the delegates at the Constitutional Convention to ratify the document that established America’s government and fundamental laws. Sotheby’s has estimated the value of this rare, historic document at $15 million to $20 million, although it could certainly sell for more.
iframe.twitter-tweet { width: 100% !important; } A DAO is like an online co-op “governed with cryptocurrency tokens and blockchain-based ‘smart contracts’ instead of traditional corporate boards and bylaws,” the New York Times explains. Crypto is used to buy blockchain-based “tokens,” and the more tokens a person has, the more voting power they have in the group.
ConstitutionDAO is inviting the public to join in their bid — using cryptocurrency, of course. All of the money is being raised in Ether, and the group is working with a crypto exchange that will convert the Ether to dollars before the bid. It’s tapping a crypto nonprofit to place the bid on the group’s behalf.“We intend to put the Constitution in the hands of The People,” the collective writes on its site.
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