BTC $79,172.50 -0.97%
ETH $2,487.13 -0.31%
BNB $739.61 -1.39%
XRP $1.40 -1.04%
SOL $103.94 -1.60%
TRX $0.3345 -0.18%
DOGE $0.0903 +0.43%
ADA $0.2199 -0.24%
BCH $260.14 +1.38%
LINK $12.76 +2.86%
HYPE $85.52 -2.11%
AAVE $132.12 -0.70%
SUI $0.8305 +3.88%
XLM $0.1928 +4.70%
ZEC $1,155.98 -5.05%
BTC $79,172.50 -0.97%
ETH $2,487.13 -0.31%
BNB $739.61 -1.39%
XRP $1.40 -1.04%
SOL $103.94 -1.60%
TRX $0.3345 -0.18%
DOGE $0.0903 +0.43%
ADA $0.2199 -0.24%
BCH $260.14 +1.38%
LINK $12.76 +2.86%
HYPE $85.52 -2.11%
AAVE $132.12 -0.70%
SUI $0.8305 +3.88%
XLM $0.1928 +4.70%
ZEC $1,155.98 -5.05%

la

All
Article
Flash

The Wall Street Journal: Former U.S. President Biden's son plans to launch the meme coin LAPTOP

According to the Wall Street Journal, Hunter Biden, the son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP, named after his laptop incident, scheduled to go live on the Base network under Coinbase on September 9.The founding team of the project, including Hunter Biden, will hold 30% of the total token supply (1 billion tokens), with that portion locked for 6 months and fully unlocked over two years; another 20% of the tokens will be airdropped in two batches to users who previously lost money on the Trump meme coin TRUMP, Hunter Biden's Substack subscribers and their friends, and users on the mailing list maintained by video journalist Andrew Callaghan; the remaining 20% will be used for charitable donations, liquidity, and distribution to exchange partners and market makers, as well as covering the accounting, legal, administrative, and compliance costs of the token foundation.It is reported that the founding team has also agreed on a destruction mechanism that includes 30 preset events; if the relevant events achieve the preset results within the designated time (such as the Democratic Party winning the 2028 presidential election, Bitcoin reaching a new historical high, LAPTOP's fully diluted valuation exceeding TRUMP, etc.), up to 30% of the token supply may be destroyed; if not achieved, the tokens will be donated to charitable organizations proportionally.The report notes that Hunter Biden has recently been frequently participating in podcasts, news programs, and writing Substack articles discussing his views on cryptocurrency, and has commented on the controversy between the Trump family's crypto project World Liberty Financial and Sun Yuchen.
app_icon
ChainCatcher Building the Web3 world with innovations.