LAPTOP Project to Add 4 Million Tokens to Liquidity Pool and Burn 10 Million Tokens

ChainCatcher report: Hunter Biden, son of former U.S. President Biden, posted that the LAPTOP Foundation’s X account has been suspended, and the team is working to restore it. During this time, updates will be shared via Medium, and the foundation will not abandon the LAPTOP project. The accompanying statement explained that after establishing an initial liquidity pool at $0.05 per token, LAPTOP faced massive demand and frontrunning bots, resulting in insufficient initial market-making liquidity and severe price volatility before additional liquidity could be added. To improve market liquidity, the team began deploying 4 million LAPTOP tokens—0.4% of the total supply—as incentives to the Aerodrome liquidity pool starting at 0:00 UTC on September 10. Additionally, two prediction events will settle as “YES,” with 10 million LAPTOP tokens—1% of the total supply—to be burned within the first week of launch. The team emphasized that LAPTOP had no presale and no tokens were allocated to investors, influencers, or KOLs; the founder’s 30% allocation is locked for six months and unlocks over two years, held in custody by Coinbase Custody, while another 30% allocated via the prediction mechanism is locked for 12 months. Eighty million LAPTOP tokens are claimable by users who subscribed to Hunter Biden’s Substack before September 6, with a 30-day claim period; any unclaimed tokens will be burned. Previously, Hunter Biden stated that he received no financial benefit from LAPTOP following its launch.