Discover more from Token Dispatch
ConstitutionDAO wants to buy the U.S. constitution, again!
We do believe in second chances. So do the mighty crypto enthusiasts who want to buy the Constitution.
ConstitutionDAO is back! It is on a mission to purchase the last original printed copy of the U.S. Constitution which will be auctioned by Sotheby's on Dec. 13. - Again!
Let's go back in time and see what happened:
Last November, a decentralized organization called ConstitutionDOA was formed to buy a first-edition printed copy of the U.S. Constitution.
And the grassroots collective of crypto enthusiasts managed to raise $47 million in one week.
But it was the year of Ken Griffin, an American hedge fund manager, entrepreneur, and billionaire owner of the investment fund Citadel. Griffin bought the Constitution for a whopping $43.2 million.
Griffin, known for buying paintings and not historical documents, wasn't a big fan of crypto then. Apparently, he feared that "a large decentralized group" would not properly care for it.
Despite its failure, ConstitutionDAO is remembered for amassing overwhelming support from the crypto community.
Now a year later, In November, Sotheby's announced it would auction the second of two private copies of the first printing of the Constitution.
Although the original ConstitutionDAO team announced they would not return, other interesting projects banded together to form ConstitutionDAO2.
ConstitutionDAO2 includes 16 organizations, including Juicebox, Nucleo, Aztec Network, and MoonDAO. It also includes PeopleDAO, which governs the PEOPLE token treasury, which was originally created by ConstitutionDAO but is now run by separate individuals.
What's new this time?
ConstitutionDAO2 is going above and beyond to rectify the mistakes of its predecessor's bid, such as now allowing private Ethereum (ETH) donations - so they don't get 'Griffin-ed' at the last minute.
If the DAO loses the bid, investors in the project's NFTs will be able to receive a refund or keep their investments as collectibles.
ConstitutionDAO2 wishes to purchase the document to begin a collection of civic artefacts run entirely by the people. They want to teach the world about democratic innovations found throughout history and on the Web3.
Anyway, with the crypto winter, falling prices, and bankruptcies, let's see if raising funds will be as easy this time as last year.
Telegram to allow no-sim accounts via anonymous blockchain-numbers
Telegram already hides individuals' private phone numbers from non-added users, but users will now be able to hide numbers from everyone.
Being one of the most popular messaging services in the crypto community, Telegram has released a new update that allows users to create accounts using blockchain-based anonymous numbers rather than cell phone numbers.
Users will need to purchase "blockchain-powered anonymous numbers" from Fragment, a decentralized auction platform founded by Telegram, to use the new feature. Purchases on the platform are made using Telegram's affiliated token, The Open Network (TON).
The update also includes a global auto-delete timer to help users automatically delete all chats after a predefined period and a new Aggressive mode for automated spam filters.
Binance US removes trading fees for Ethereum
Binance U.S, the U.S. division of the world's largest cryptocurrency exchange, has eliminated all Ether spot trading fees. All new and old customers can trade freely in the following four Ether spot market pairs right away: ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD.
In June, Binance US removed all costs for trading Bitcoin on the spot market following Robinhood's footsteps, which had launched no-commission crypto trading in 2018.
"By eliminating fees first on BTC and now ETH, we are ... raising awareness for the high fees consumers are paying on other platforms, and helping to restore trust in the greater ecosystem," said Brian Shroder, CEO and president of Binance.US, in a press release.
Even though many exchanges tout free trading, spreads allow exchanges to make money off of trades. A spread is a distinction between a trading pair's bid (sell) price and asks (buy) price.