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TRUMP Hunter Biden announces "LAPTOP" token plan: 20% of supply will be allocated to communities
Hunter Biden has unveiled plans for "LAPTOP" tokens for his memecoin project. It is reported that the token plans to launch transactions on the Base chain, of which 20% of the supply will be allocated to the community. Disclosure information shows that in this allocation, investors who have suffered losses in official TRUMP token investments will also be included in the benefits.
Biden's announcement provides the most detailed public information to date on the project's token economics. The core of the project revolves around a laptop computer that has been the focus of political controversy for years and was left behind in a Delaware repair shop.
What does the LAPTOP token promise to the community?
Hunter Biden shaped the image of the project through this particular laptop. The contents of the equipment left behind at a Delaware repair shop have been used for years in political debates against Biden. However, Biden described himself as having been awake for seven years and positioned the computer as a symbol of personal recovery.
He announced on Platform X (formerly Twitter) that 20% of the token supply will be dedicated to the community. The group plan includes investors who have suffered losses from the TRUMP token project.
According to Biden, about 1 million wallet addresses suffered an estimated $3.8 billion in value loss in the TRUMP project. But he specifically emphasized that people buying LAPTOP tokens should not expect support from him or anyone else to push the asset's appreciation.
How will 30% of the token supply be used?
A large portion of the project's remaining supply is tied to predetermined conditions. Biden revealed that 30% will be managed by a procedural mechanism.
The mechanism will destroy tokens when a specific event occurs; if conditions are not met, the tokens will be donated to charity. As a result, the conditions for use of the supply amount will be set in advance.
The triggers announced byinclude Democrats winning the 2028 election, Bitcoin hitting a new all-time high, and LAPTOP's market value surpassing TRUMP. In addition, another 50 million tokens will be donated to charity unconditionally.
Does LAPTON have a "Rug Pull" risk?
This project has caused a lot of controversy before it has been officially launched. Economist Peter Schiff has previously called president-related memecoin a "legal bribe" and noted that most people who buy such tokens have suffered losses.
After Hunter Biden released relevant news, some users on the X platform expressed strong opposition to the project. Some accounts accuse Biden of repeating the mistakes of the app he once criticized, and some users even suggested keeping a record of this sharing to prevent potential risks of "quitting the pool and running away".
Faced with criticism, Biden responded that it was a response to the trauma caused by the memecoin of Trump, Melania, Kanye West, Lil Pump and Andrew Tate.
Why are fake LAPTOP tokens emerging in large numbers?
A key issue facing the project is that the official contract address has not yet been announced. Because Biden or his team did not release the verified LAPTOP contract address before the release time, traders began to switch to other tokens of the same name online.
According to GeckoTerminal data, a trading pair named "Hunter Biden's Laptop" on BNB Chain soared more than 81,000% in about 10 hours, reaching a valuation of US$20.29 million. While the other trading pair on the Base chain has a market value of US$3.31 billion, its daily trading volume is only approximately US$1,121.
There is currently no evidence that these tokens are official. Therefore, there is a serious risk in purchasing any asset called LAPTOP through a cryptocurrency exchange or other platform without verifying the contract address. Before the official address is announced, investors need to pay special attention to preventing fake tokens and liquidity risks.
This content does not constitute any investment advice. Markets are highly risky, so please conduct independent research before making investment decisions.
