Hunter Biden Says LAPTOP Has the ‘Opposite Tokenomics’ of Trump’s Memecoin
By Unchained
AI summary of the source article
Hunter Biden stated that his LAPTOP memecoin features a 30% insider allocation and 50% community share to demonstrate how tokens can be managed properly. The token plunged over 99% from its September 9 launch-day peak on Base, which Biden attributed to a market maker mistakenly seeding the launch pool with approximately 29,000 tokens instead of 5 million. Blockchain data shows two Base wallets were funded with 300 million tokens each for founders and a predictions pool. Biden noted that founder tokens are locked for six months followed by a 24-month monthly vesting schedule.
Key facts
- LAPTOP allocates 30% of its token supply to insiders and 50% to the community.
- The token dropped more than 99% from its September 9 launch peak after being seeded with 29,000 tokens instead of 5 million.
- Founder tokens are subject to a six-month lockup followed by 24 months of monthly vesting.