Overview
- The token, which is set to begin trading on Sept. 9, will mint 1 billion LAPTOP units and was publicly teased by Hunter Biden on X.
- Founders including Biden are slated to receive 30% of supply with a six-month lock and a two-year vesting schedule, while 20% is earmarked for two airdrops targeting wallets that lost money on President Trump’s TRUMP token plus Biden’s Substack subscribers and a mailing list tied to Andrew Callaghan.
- Up to 30% of supply is tied to 30 preset political and market events that would trigger burns if met or send tokens to charity if not, with examples including Bitcoin reaching a new all-time high and a Democratic win in 2028.
- Base’s founder Jesse Pollak confirmed Base has no formal partnership with LAPTOP, Andrew Callaghan has denied involvement, and some exchanges removed promotional posts after community backlash.
- The launch follows widespread losses among TRUMP holders reported by on-chain analysts and watchdogs and raises questions about concentrated founder allocations, targeted marketing to politically aligned wallets, and possible regulatory attention.