According to The Wall Street Journal, Hunter Biden plans to launch a cryptocurrency named LAPTOP on Base on September 9th. Base is an Ethereum layer-two network that Coinbase has launched. This project combines American political controversies with token issuance on the blockchain, and the distribution arrangements also specifically target holders of TRUMP tokens.
A total of 1 billion coins
LAPTOP Plans to issue a total of 1 billion tokens. Reports indicate that the founding team will hold 30% of these tokens, which will be locked for 6 months first and then gradually unlocked over a two-year period.
An additional 20% of the tokens will be used for charitable donations, liquidity, fees for exchange partners and market makers, as well as accounting and legal expenses related to the foundation's operations.
Two rounds of airdrops are targeted at TRUMP loss-making wallets.
The project also reserves 20% of the tokens for two rounds of airdrops, targeting wallet addresses that have suffered losses on Trump-related meme and TRUMP coins. This arrangement is also the most attention-grabbing part of the project and clearly implies a alignment with TRUMP tokens.
The report mentions that entities related to the Trump Group control 80% of the supply of the TRUMP tokens, which also feature a multi-year unlocking schedule. Both arrangements retain a significant portion of the tokens held by the team in their distribution structure.
Set 30 destruction trigger conditions
LAPTOP The team also plans to implement a destruction mechanism that can destroy up to 30% of the total supply. There are 30 triggering conditions in total. Reports mention examples such as Bitcoin reaching new highs, or the Democratic Party winning the 2028 U.S. presidential election.
If some of the preset conditions do not ultimately occur, the corresponding tokens will be diverted for charitable purposes instead of remaining within the project.
The name of this token refers to the “laptop” incident that sparked political controversy in the United States in 2019. Reports also state that Hunter Biden himself will be part of the founding team, rather than merely authorizing the use of his personal name.
