Hunter Biden Details LAPTOP Memecoin Airdrop and Burn-or-Charity Mechanism

Hunter Biden has detailed how his LAPTOP memecoin will distribute its 1 billion-token supply, including community airdrops and a mechanism that will either burn tokens or allocate them to charity based on the outcomes of 30 publicly identified real-world events.

The memecoin is scheduled to launch Wednesday on Base Layer 2. Phoenix Veritas Foundation, which issues and operates LAPTOP, will make 10% of the total supply available through its claim portal at the token generation event. A further 10% is reserved for a later community airdrop that Phoenix Veritas can distribute at its discretion.

The initial 10% is divided between two eligible groups. Subscribers to Hunter Biden’s personal “Where’s Hunter?” Substack are entitled to 8% of the total token supply, while 2% is allocated to people who suffered losses from President Donald Trump’s TRUMP memecoin.

Biden criticized Trump and his token while explaining the LAPTOP distribution. He said almost 1 million wallets collectively lost $3.8 billion on TRUMP and argued that the token was another instance in which Trump had damaged trust.

Thirty percent of LAPTOP is assigned to 30 public predictions involving real-world events. The specified scenarios include Trump being impeached during his presidential term and Democrats gaining control of either the U.S. House or Senate in 2026. According to LAPTOP’s website, many events are tied to prediction markets on Polymarket.

Each prediction determines what happens to its corresponding token allocation. If the specified event occurs, those tokens will be permanently removed from supply. If the outcome does not materialize, the associated tokens will instead be transferred to charity.

Charitable distributions are not limited to tokens attached to unsuccessful predictions. Biden said another 50 million LAPTOP tokens will be given to charity regardless of how the 30 events are resolved.

Beyond explaining how the supply will be distributed, Biden also told prospective holders not to rely on him or anyone else to increase the token’s value. He described LAPTOP as a way to communicate a message rather than merely hold an asset.

Biden did not explain how the rest of the supply would be distributed in his X post. However, LAPTOP’s official disclosure states that 30% is reserved for the project’s founding team, which includes Biden. The allocation cannot begin unlocking for six months, after which the tokens will be released gradually over the following two years.

Liquidity accounts for another 10% of the supply. The Phoenix Veritas Foundation treasury receives 5% to finance continuing operations.

Beyond its tokenomics, LAPTOP’s identity is rooted in the laptop controversy that followed Biden into the 2020 U.S. presidential election. He left the device at a Delaware repair shop in 2019, and its contents included financial records, emails concerning his foreign business activities, and personal media depicting his drug addiction.

Republicans in Congress later relied on material from the laptop while investigating whether Joe Biden, then a presidential candidate, had participated in his son’s business dealings. The former president was not charged. Prosecutors subsequently introduced files from the drive as evidence in Hunter Biden’s 2024 federal firearm trial, which ended in his conviction.

In explaining the memecoin, Biden said he was taking something his political opponents and the media had used against him and turning it into a symbol of resilience, redemption, and recovery. He portrayed the creation of LAPTOP as his response to the laptop having been turned into a political weapon.