Is ConstitutionDAO (PEOPLE) Halal or Haram?
SUMMARY
ConstitutionDAO ($PEOPLE) is an officially defunct project that ceased operations in November 2021. While the token retains a lawful use as a redeemable claim for an ETH refund via its original smart contract, it currently trades purely as a speculative meme coin with no ongoing development, revenue, or fundamental value, warranting a Doubtful status.
Holder risks
What anyone other than you can do to this coin. The screening found nothing.
No one can freeze your coins
New coins follow a fixed rule or cap
Why this one is not a clear yes or no
Doubtful means the evidence did not settle it, not that nobody looked. The methodology sets out what every asset is checked against, where the line sits, and why we stop short of calling something permissible when the answer is not there.
Read the methodology Or learn halal investing with our free lessons. No card needed.Verdict by Activity
How you can hold and use PEOPLE
Buy & Hold
The project is officially defunct and trades purely as a speculative meme coin with a high-risk fundamental classification, though it retains a lawful use as a redeemable claim for ETH.
What the screen checked
Shariah Analysis
Infrastructure — where it runs
PassedThe token operates on Ethereum, which is a neutral, general-purpose blockchain.
Application — what it does
CautionThe project officially ceased operations in 2021 and generates no revenue, trading purely as a speculative meme coin with a high-risk, potential pump-and-dump fundamental classification.
Asset — what you own
PassedThe token has no ongoing ecosystem utility but functions as a valid claim redeemable for an ETH refund via the original Juicebox smart contract, with no yield or interest mechanisms present.
Property Status (Māl)
PassedThe token exists on-chain with ascertainable supply, no discretionary freeze or mint authority, and a genuine lawful use as a redeemable claim for ETH. As an issuer redemption claim, the holder owns a redemption claim against the named issuer (the Juicebox smart contract) rather than a native protocol position, and its value depends on that contract's ability and willingness to honour it.
Revenue Purity
PassedThe project is defunct and generates no revenue, meaning there is no non-compliant revenue flowing to the token.
Legitimacy & Security
whitepaper
PassedThe project maintains an official website and its tokenomics and historical supply are ascertainable on-chain.
project audits
CautionThe token contract is described as renounced and immutable, but there is no evidence of a completed independent security audit by a named auditor.
social presence
PassedThe project established strong historical recognition and a lasting cultural legacy during its 2021 crowdfunding campaign.
Team & Ecosystem
team background
CautionThe core team officially disbanded in November 2021 after the project failed its initial mission, leaving no active developers or operators.
Detailed Shariah Report
ConstitutionDAO ($PEOPLE) originated as a 2021 crowdfunding initiative to purchase a copy of the U.S. Constitution at auction. After losing the bid, the project officially ceased operations, and the token now functions solely as a redeemable claim for an Ethereum (ETH) refund via its original smart contract, while also trading on secondary markets as a speculative meme coin.
The overall Shariah status for buying and holding $PEOPLE is Doubtful. This ruling is based on a three-layer Shariah screen. First, the underlying infrastructure (Ethereum) is a neutral, general-purpose blockchain. Second, the application itself generates no non-compliant revenue and contains no interest or gambling mechanics. Third, the token passes asset qualification as recognized digital property (Mal) because it presently exists on-chain with an ascertainable supply, is fully transferable, and carries a genuine lawful use as a redeemable claim for ETH. However, despite passing these structural screens, holding the token is classified as Doubtful because the project is officially defunct. It has no active developers, no ongoing business activity, and no fundamental value beyond its fixed refund rate, meaning it trades purely as a high-risk, speculative meme coin. There are no additional opt-in mechanisms, such as staking or lending, associated with the token.
- Functions as a valid, lawful claim redeemable for an ETH refund at a fixed historical ratio (1,000,000 PEOPLE to 1 ETH) via the Juicebox smart contract.
- Operates on Ethereum, a neutral and permissible blockchain infrastructure.
- Free from interest (riba), gambling (maisir), and exposure to prohibited industries.
- !The project is officially defunct, having disbanded in November 2021, leaving no active developers or ongoing ecosystem utility.
- !The token trades purely on speculation and meme value, presenting a high-risk fundamental classification.
- !The token is legally structured as an issuer redemption claim rather than a native protocol asset; its refund value depends entirely on the Juicebox smart contract's continued ability to honor the claim.
- !While the token contract is renounced and immutable, there is no evidence of a completed independent security audit by a named auditor.
Not applicable. The project is defunct, generates no revenue, and the remaining treasury is held in ETH without earning interest. Therefore, there is no impure income for a token holder to purify.
ConstitutionDAO ($PEOPLE) is a discontinued project that retains a lawful use as a smart contract claim for an ETH refund, but otherwise trades entirely on speculation. Because it lacks ongoing development, revenue, or fundamental utility, its status is Doubtful for Muslim investors. As always, final religious authority rests with a qualified Shariah scholar.
How this verdict was reached
This is not an opinion issued by ShariaQuant. It is the output of a documented screening methodology applied to researched facts about ConstitutionDAO (PEOPLE), and every row above states the specific evidence that drove it — so the reasoning can be examined rather than taken on trust.
The framework screens three layers — the infrastructure an asset runs on, the application it serves, and the asset itself — and separately tests whether the token qualifies as recognised property (māl): that it presently exists, has an ascertainable supply, can be held and transferred, and carries a genuine lawful use. A failure at any single layer fails the asset.
Revenue-purity thresholds follow the AAOIFI screening standard: non-compliant income below 5% of revenue is tolerated and purified, while 5% or above fails the screen.
The framework follows published scholarship rather than in-house opinion. Treating a digital asset as a right (ḥaqq) that becomes recognised property (māl) only on stated conditions follows “Is Crypto Halal? The Definitive Shariah Guide to Crypto and Digital Assets” by Mufti Faraz Adam (Amanah Advisors, 2026), which reproduces the conditions identified by Mufti Taqi Usmani. Financial thresholds follow the AAOIFI screening standard. The rulings we track are collected in the fatwa library.
AAOIFI has not reviewed, approved or endorsed this report or ShariaQuant, and no scholar named in our methodology has reviewed this individual verdict. This is analysis, not a fatwa — final religious authority rests with a qualified scholar.
This is an AI research platform and the screening engine is under active development. We keep improving how facts are gathered and checked, and a report is re-issued in full when an asset is screened again rather than amended in place.
Is ConstitutionDAO a serious project?
Permissible is not the same as good. This is the research behind that second question — what ConstitutionDAO is actually for, who is paying for it, what is already built, and what would have to go wrong.
Research on the project, not advice on the trade. A high fundamental score is not a recommendation to buy, and it says nothing about whether the asset is permissible — that is the Shariah verdict, and it is free.
How ConstitutionDAO ranks against its peers
The Shariah verdict tells you whether you may own ConstitutionDAO. This tells you what you would be holding — worked out by a fixed formula from public market data, and compared only against assets of the same kind.
A ranking of how solid an asset is against its peers, not a forecast of what it will do next and not investment advice. A permissible asset can rank badly, and a badly ranked asset can still rise.
Asked alongside this
Short answers from the ShariaQuant team.
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