Interestingly, both longs and shorts took a hit. Of the approximately $9 million in total liquidations, $4.99 million occurred on ‘long’ positions—or the trades betting on upward price movements on people, while the remaining $4.1 million worth occurred on ‘short’ positions, meaning those betting on declining prices of people. Source link … [Read more...] about ConstitutionDAO Tokens (Yes They’re Still Trading) See Wild Session With $9M Liquidations
ConstitutionDAO
US Constitution For Sale? ConstitutionDAO Makes Bold Moves
Last week a ramshackle group of crypto investors tried (and failed) to buy the U.S. Constitution. This week on “Opinionated,” Ben, Anna and Danny talk about why. Recorded one day prior to the auction, this week’s episode explores the tough questions decentralized autonomous organizations (DAO) face in the wake of ConstitutionDAO.For starters, how should DAOs organize … [Read more...] about US Constitution For Sale? ConstitutionDAO Makes Bold Moves
ConstitutionDAO to Shut Down; Nearly 50% of Funds Already Returned
The U.S. Constitution has persevered for 234 years. ConstitutionDAO’s shelf life is proving far shorter: just about one month.The slapdash group of crypto investors that this month failed to buy a rare edition of the Constitution at Sothebys will close its Discord server in 14 days.“We have determined that building and maintaining an ongoing project is not something that we as … [Read more...] about ConstitutionDAO to Shut Down; Nearly 50% of Funds Already Returned
Did ConstitutionDAO Shift the Overton Window on What DAOs Can Accomplish?
This episode is sponsored by NYDIG.Download this episodeLast night the crypto community waited with bated breath to see who had won the first printing of the U.S. Constitution. Despite raising over $40 million from 17,000 people, the ConstitutionDAO was ultimately outbid. In this episode, NLW discusses how the DAO came together, how the bidding went down and how the community … [Read more...] about Did ConstitutionDAO Shift the Overton Window on What DAOs Can Accomplish?
After Being Foiled by a Billionaire, ConstitutionDAO Faces Lingering Questions
As the dust settles on one of the most ambitious crypto experiments in recent memory, a host of questions remain unanswered – starting with the fate of over $49 million in donations.On Thursday night, auction house Sotheby’s played host to an unusual bidder: ConstitutionDAO, an ad-hoc group of over 17,000 donors who pitched in to collectively buy a rare print of the … [Read more...] about After Being Foiled by a Billionaire, ConstitutionDAO Faces Lingering Questions