LAPTOP Meme Coin Airdrops 100M Tokens on Launch Day, GSR and G20 Serve as Market Makers

Mars Finance reports that on September 8, according to the token disclosure document released by the Meme coin LAPTOP, son of former U.S. President Biden, the total supply of LAPTOP is 1 billion tokens. At the Token Generation Event (TGE), 350 million tokens, or 35% of the total supply, were unlocked. Of these, 10% each were allocated to the initial community airdrop, future airdrops, and liquidity; the foundation treasury received 5%. Of the 100 million tokens allocated for the initial airdrop, 20 million are intended to be distributed by partner platforms to users who incurred losses trading TRUMP, while 80 million are allocated to users who subscribed to Hunter Biden’s “Where’s Hunter” Substack prior to September 6. Tokens must be claimed within 30 days; unclaimed tokens will be permanently burned. The 100 million tokens designated for future airdrops will be distributed at the discretion of the Phoenix Veritas Foundation. The liquidity allocation totals 100 million tokens, intended for distribution to centralized exchanges, market makers, and decentralized exchange liquidity pools. The foundation has signed market-making lending agreements with G20 and GSR, lending a combined total of 20.5 million LAPTOP tokens—2.05% of the total supply—these tokens are counted toward the liquidity allocation and do not constitute additional issuance. The remaining 65% of the supply consists of founder allocation (30%), prediction mechanism allocation (30%), and charity allocation (5%). Founder tokens will be locked for six months, then linearly unlocked over 24 months; prediction mechanism tokens will be locked for 12 months, then linearly unlocked over 24 months.