Key facts
- Hunter Biden is launching a meme coin named 'LAPTOP' on September 9.
- The coin will be deployed on Coinbase's Ethereum layer-2 network, Base.
- 20% of the supply will be airdropped to holders of the 'TRUMP' meme coin who experienced losses.
- Hunter Biden and founders will retain 30% of the total 1 billion 'LAPTOP' tokens, subject to a vesting schedule.
- A burn mechanism tied to preset events could destroy up to 30% of the supply.
Hunter Biden, son of President Joe Biden, is launching a meme coin named 'LAPTOP' on September 9, according to a Wall Street Journal report. The coin will be deployed on Base, Coinbase's Ethereum layer-2 network. The project includes an airdrop of up to 20% of the token's supply specifically targeting wallets that lost money on President Trump's 'TRUMP' meme coin. Founders, including Biden, will retain 30% of the total 1 billion 'LAPTOP' tokens, subject to a six-month lockup and a two-year vesting schedule. A burn mechanism could destroy up to 30% of the supply based on preset criteria, such as Bitcoin hitting a new all-time high or a Democrat winning the 2028 election; tokens tied to unmet conditions will be donated to charity.