Huo Xing Cai Jing reports, according to The Wall Street Journal, Hunter Biden, son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP, inspired by his laptop incident, set to launch on September 9 on Coinbase’s Base network. The founding team, including Hunter Biden, will hold 30% of the total token supply (1 billion tokens), with this portion locked for six months and fully unlocked over two years. An additional 20% of tokens will be airdropped in two tranches to users who incurred losses on the Trump meme coin TRUMP, subscribers to Hunter Biden’s Substack, his personal contacts, and users on the email list maintained by video journalist Andrew Callaghan. The remaining 20% will be allocated for charitable donations, liquidity provision, distribution to exchange partners and market makers, and covering the token foundation’s accounting, legal, administrative, and compliance costs. The founding team has also established a burn mechanism comprising 30 predefined events. If specified outcomes are achieved within designated timeframes—such as the Democratic Party winning the 2028 presidential election, Bitcoin reaching a new all-time high, or LAPTOP’s fully diluted valuation surpassing TRUMP—up to 30% of the token supply may be burned. If these events are not met, a proportional amount of tokens will be donated to charitable organizations. The report notes that Hunter Biden has recently been active on podcasts, news programs, and Substack articles, sharing his views on cryptocurrency and previously commenting on the controversy between the Trump family’s crypto project World Liberty Financial and Sun Zhenchen.
Hunt Biden to Launch Meme Coin LAPTOP on Coinbase's Base Network
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Summary
Meme coin news broke on September 9 when Hunt Biden, son of former U.S. President Joe Biden, announced the launch of a new meme coin called LAPTOP on Coinbase’s Base network. The project will issue 1 billion tokens, with the founding team holding 30% under a six-month lockup and full release over two years. A 20% airdrop will target TRUMP coin victims, Substack followers, and others in two phases. Another 20% will fund charity, liquidity, and operations. A token burn mechanism is tied to 30 milestones, allowing up to 30% of the supply to be burned if goals are achieved. On-chain developments suggest this project could spark significant discussion within the crypto community.
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