Constitution DAO will Refund According to the Amount of $PEOPLE Tokens Held

TokenInsight reports that the decentralized autonomous organization Constitution DAO has updated its refund requirements, which originally based refunds on a snapshot of a user's $PEOPLE token balance (no $PEOPLE tokens required after the snapshot) to require $PEOPLE tokens at the original exchange rate (1 $ETH to 1 million $PEOPLE) for refunds. The price of $PEOPLE tokens fell sharply after the snapshot, and after the organization changed the refund requirement, the price of $PEOPLE tokens rebounded sharply.


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