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An Overview of PEOPLE Currency and it’s application

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An Overview of PEOPLE Currency and it's application

What is PEOPLE currency? In the field of digital currencies and decentralized finance, innovation is constant and new projects and initiatives are constantly emerging. Meanwhile, PEOPLE money has attracted considerable attention and offers a unique approach to governance and community engagement. At the heart of the PEOPLE ecosystem is its native digital currency, PEOPLE, which serves as a means of exchange and community participation. The purpose of this article is to provide an overview of the PEOPLE currency, examining its origins, features and use. In a later article, we will cover the mother project, ConstitutionDAO.

Understanding PEOPLE currency

vision and mission

People Currency was born from a vision to empower individuals and communities to participate in governance and decision-making processes. Founded by a diverse group of activists, technologists and community organizers, PEOPLE Money seeks to democratize access to finance and decision-making power. Using blockchain technology and decentralized governance mechanisms, PEOPLE currency aims to create a more inclusive and fair financial system that prioritizes the needs and aspirations of its users.

Basic principles

At its core, PEOPLE Currency is guided by several key principles:

Community Governance: PEOPLE Money is governed by its community of users who collectively decide on protocol upgrades, financial offers, and other issues through decentralized voting mechanisms.

Transparency: Transparency is critical in the PEOPLE ecosystem, as all transactions, proposals, and governance decisions are recorded on the blockchain for public review and accountability.

Accessibility: PEOPLE Currency wants to be accessible to people from all walks of life, regardless of background, location, or socioeconomic status. Through intuitive user interfaces and educational resources, People Currency strives to lower the barriers to entry for participating in its ecosystem.

What is PEOPLE currency?

What is PEOPLE currency?

Origin and distribution

PEOPLE is the native digital currency of the PEOPLE ecosystem, which serves as the main medium of exchange and participation in the community. PEOPLE tokens were initially distributed through a fair and transparent distribution process, allowing people to earn tokens through airdrops, cash mining, and social initiatives. Subsequently, PEOPLE tokens can be traded on various decentralized exchanges (DEX), allowing users to freely buy, sell and transfer them.

Usefulness and functionality

PEOPLE tokens play an important role in the PEOPLE ecosystem and provide a wide range of tools and capabilities:

Governance: PEOPLE tokens grant holders the right to participate in the PEOPLE Governance Protocol, allowing them to vote on proposals, elect representatives, and shape the future direction of the ecosystem.

Staking: Individual holders can share their tokens to secure the network and in exchange for rewards. By staking their tokens, users contribute to the security and decentralization of the network of people, while also earning passive income.

Incentives: PEOPLE tokens are used to incentivize various activities in the ecosystem, such as participation in social initiatives, participation in governance, and providing liquidity to decentralized exchanges.

Interoperability and integration

PEOPLE tokens are designed to be interoperable with other blockchain networks and protocols, enabling seamless integration with external platforms and assets. This interoperability expands the utility and liquidity of PEOPLE tokens, allowing them to be used in conjunction with other cryptocurrencies, decentralized exchanges (DEX), and decentralized financial protocols. Through strategic partnerships and collaborations, People Currency aims to foster a vibrant and interconnected ecosystem of blockchain projects and applications.