# LAPTOP > LAPTOP is a cryptoasset token that is a memecoin launched by Hunter Biden on Base with a 1,000,000,000 total supply and planned airdrops and allocations. - Canonical URL: https://iq.wiki/wiki/laptop - Categories: Cryptoassets - Tags: Ethereum, Base, Memecoin, Token - Created: 2026-09-09T09:43:16.928Z - Last updated: 2026-09-09T09:43:16.928Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **LAPTOP** is a [memecoin](https://iq.wiki/wiki/memecoins) launched by Hunter Biden on [Base](https://iq.wiki/wiki/base), the [Ethereum](https://iq.wiki/wiki/ethereum) [layer 2](https://iq.wiki/wiki/layer-2) network developed by [Coinbase](https://iq.wiki/wiki/coinbase), on September 9, 2026.[\[1\]](#cite-id-xg42qs3h05) Biden framed the token as a reclamation of the laptop controversy that had followed him for years, describing the asset as symbolizing "resilience, redemption, and recovery."[ \[2\]](#cite-id-gh2q57dsm4) The project has a fixed total supply of one billion tokens and is managed in part by an entity named the Phoenix Veritas Foundation, which operates a claim portal for the initial [airdrop](https://iq.wiki/wiki/airdrop).[ \[2\]](#cite-id-gh2q57dsm4)​ ## Background and Origin of the Name The LAPTOP name references a physical computer that Hunter Biden left at a repair facility in Delaware in 2019.[\[1\]](#cite-id-xg42qs3h05) After the device was abandoned, its contents entered public circulation and became a recurring subject in American political controversy. Material said to have originated from the laptop included emails about Biden's overseas business dealings and personal photographs, messages, and videos relating to his drug use and private life.[ \[1\]](#cite-id-xg42qs3h05) Content recovered from the device was later used as evidence presented during Biden's 2024 federal firearms conviction.[\[2\]](#cite-id-gh2q57dsm4)​ Biden presented the token as an effort to take ownership of an episode that had been repeatedly used against him. In his public posts he wrote, > "They turned laptop into a weapon. I turned it into a token," and separately, "They weaponized the laptop against me. I've transformed it into a digital asset."[\[1\]](#cite-id-xg42qs3h05)[\[2\]](#cite-id-gh2q57dsm4) He announced the coin on X on September 8, 2026, referencing a Wall Street Journal article about the launch, and stated, "LAPTOP isn't just about owning something, it's about saying something."[\[2\]](#cite-id-gh2q57dsm4) [\[4\]](#cite-id-qLWrGCDKCdFDGaWe) Biden acknowledged skepticism about the venture directly. In an X post he wrote, "I understand the cynicism," and asked, "Why something that has been so misused by grifters?"[\[1\]](#cite-id-xg42qs3h05) He also cautioned prospective buyers against expecting financial gains, writing, "You should not expect me or anyone else to make this token more valuable for you," and characterizing LAPTOP as "about saying something" rather than a promise of returns.[\[1\]](#cite-id-xg42qs3h05)​ ## Tokenomics and Distribution LAPTOP's one billion tokens are divided across four broad categories, with the largest portions dedicated to community [airdrops](https://iq.wiki/wiki/airdrop), a set of prediction-linked outcomes, founder allocations, and a combined reserve for operations and charity.[\[1\]](#cite-id-xg42qs3h05) The distribution mechanics described by the project were self-reported in its launch materials and public posts. ### Community Airdrops Twenty percent of the total supply is allocated to community [airdrops](https://iq.wiki/wiki/airdrop).[\[2\]](#cite-id-gh2q57dsm4) When the token went live, 10% of the total supply became claimable through a portal operated by the Phoenix Veritas Foundation, with the foundation slated to distribute the remaining 10% at a later date on its own timeline.[\[2\]](#cite-id-gh2q57dsm4)​ Eligibility was split into named groups. Investors who experienced losses holding Donald Trump's [TRUMP](https://iq.wiki/wiki/trump-memes) memecoin were made eligible to claim 2% of the total supply, while subscribers to Biden's newsletter, titled "Where's Hunter?", were eligible to receive 8%.[\[2\]](#cite-id-gh2q57dsm4) The project's original distribution plan also named Biden's Substack subscribers and a mailing list associated with video journalist Andrew Callaghan's Channel 5. The Channel 5 mailing list was later said to have had subscriber information removed before an email was sent.[\[1\]](#cite-id-xg42qs3h05)​ ### Prediction-Linked Supply Thirty percent of the supply is tied to 30 predetermined political, crypto, and cultural outcomes, many connected to [Polymarket](https://iq.wiki/wiki/polymarket) prediction platforms.[\[2\]](#cite-id-gh2q57dsm4)​[\[1\]](#cite-id-xg42qs3h05) The mechanism operates in two directions: when a forecasted event materializes, the tokens assigned to that outcome are burned and permanently removed from circulation; when a prediction fails to come true, the corresponding tokens are transferred to charitable organizations.[\[2\]](#cite-id-gh2q57dsm4) Example outcomes cited in the launch plan included a Democratic victory in the 2028 US presidential election, [Bitcoin](https://iq.wiki/wiki/bitcoin) reaching another all-time high, and LAPTOP overtaking TRUMP's [market capitalization](https://iq.wiki/wiki/market-capitalization).[\[1\]](#cite-id-xg42qs3h05)​ ### Founder Allocation The founding team, which includes Hunter Biden, receives 30% of the supply.[\[2\]](#cite-id-gh2q57dsm4) This portion is subject to a six-month lock-up followed by 24 months of gradual vesting, during which the tokens are released incrementally over more than two years.[\[2\]](#cite-id-gh2q57dsm4)​[\[1\]](#cite-id-xg42qs3h05)​ ### Reserves, Liquidity, and Charity The final 20% of the supply is reserved for liquidity, exchange listings, legal expenses, administration, and charitable purposes.[\[1\]](#cite-id-xg42qs3h05)​ Within this, 10% of supply is dedicated to liquidity provisions and 5% is held in the foundation treasury for operational expenses.[\[2\]](#cite-id-gh2q57dsm4) A separate unconditional allocation of 50 million tokens is designated for charity independent of the prediction mechanism.[\[2\]](#cite-id-gh2q57dsm4)​ ## Criticism of the TRUMP Memecoin Biden positioned LAPTOP in direct opposition to the TRUMP memecoin, which he attacked as a "grift."[\[2\]](#cite-id-gh2q57dsm4) He asserted that roughly one million wallet addresses collectively lost $3.8 billion holding the token.[\[2\]](#cite-id-gh2q57dsm4) This framing was supported by data from the analytics firm [Nansen](https://iq.wiki/wiki/nansen), which reported that by July 2026 approximately 988,905 wallets that had bought TRUMP were holding combined unrealized losses of $3.81 billion.[\[1\]](#cite-id-xg42qs3h05) The allocation of 2% of LAPTOP's supply to TRUMP holders who lost money was presented as part of this contrast, directing the [airdrop](https://iq.wiki/wiki/airdrop) toward investors Biden characterized as victims of the earlier project.[\[1\]](#cite-id-xg42qs3h05)​ ## Industry Response The project encountered resistance from within the cryptocurrency industry shortly after its unveiling. The exchange [Kraken](https://iq.wiki/wiki/kraken) deleted a promotional social media post about LAPTOP after criticism from traders, though it did not publicly state that it had abandoned any potential listing plans.[\[1\]](#cite-id-xg42qs3h05)​[\[2\]](#cite-id-gh2q57dsm4)​ Several parties connected to the planned distribution publicly distanced themselves. Andrew Callaghan, the video journalist whose followers were slated for an [airdrop](https://iq.wiki/wiki/airdrop) allocation, separated himself from the venture, stating that Channel 5 had nothing to do with the memecoin and that he did not consider crypto a legitimate investment.[\[2\]](#cite-id-gh2q57dsm4)​[\[1\]](#cite-id-xg42qs3h05)​ ​[Jesse Pollak](https://iq.wiki/wiki/jesse-pollak), the founder of [Base](https://iq.wiki/wiki/base), the Coinbase-developed [blockchain](https://iq.wiki/wiki/blockchain) hosting the token, said that Biden's project had approached Base but that the network made a "conscious decision" not to help design or promote the token, emphasizing that Base maintains no partnership arrangement with the project.[\[2\]](#cite-id-gh2q57dsm4)​[\[1\]](#cite-id-xg42qs3h05) Pollak had also stepped back from leading the [Base App](https://iq.wiki/wiki/base-app) to concentrate on the blockchain itself.[\[1\]](#cite-id-xg42qs3h05)​