Hunter Biden's Memecoin LAPTOP Targets Trump Token Investors
Hunter Biden's new memecoin project, LAPTOP, is set to launch on Base on September 9. The project aims to tie in with a political controversy from the 2020 US election and targets traders who lost money on Donald Trump's TRUMP token.
The total supply of LAPTOP tokens will be 1 billion, with 30% allocated to the founding team. This allocation will remain locked for six months before gradually unlocking over two years.
An additional 20% of tokens will be airdropped to selected recipients, including traders who lost money on TRUMP and Hunter Biden's Substack subscribers.
LAPTOP's tokenomics will connect its supply to political and cryptocurrency market developments. Up to 30% of the total supply could be burned if predetermined conditions are met, such as Bitcoin reaching a new all-time high or Democrats winning the 2028 presidential election.