LAPTOP token disclosure shows 100 million first-day airdrop, with GSR and G20 as market makers

News Editor

2026-09-08 01:07:55

LAPTOP, a meme coin tied in the disclosure to the son of former U.S. President Joe Biden, has released token allocation details showing a total supply of 1 billion tokens and 350 million unlocked at the token generation event, or 35% of supply. The unlocked tranche includes 10% each for the first-day community airdrop, future airdrops, and liquidity, plus 5% for the foundation treasury. Of the 100 million tokens set aside for the first-day airdrop, 20 million are intended to be allocated by partner platforms to users who incurred losses trading TRUMP, while 80 million are reserved for users who subscribed to Hunter Biden’s “Where’s Hunter” Substack before Sept. 6. The claim window is 30 days, and unclaimed tokens will be permanently burned. Another 100 million tokens for future airdrops will be distributed at the discretion of Phoenix Veritas Foundation. The foundation also signed market-making loan agreements with G20 and GSR, lending a combined 20.5 million LAPTOP, or 2.05% of total supply, with those tokens counted within the liquidity allocation rather than as newly issued supply.

According to BlockBeats on Sept. 8, token disclosure documents for LAPTOP, a meme coin linked in the filing to the son of former U.S. President Joe Biden, show a total supply of 1 billion tokens. At the token generation event, 350 million LAPTOP will be unlocked, equal to 35% of total supply.

35% of supply unlocked at TGE

Within the 350 million tokens unlocked at TGE, the first-day community airdrop, future airdrops, and liquidity allocation each account for 10% of total supply, while the foundation treasury accounts for 5%. In token terms, that puts each of the first three buckets at 100 million LAPTOP and the treasury allocation at 50 million.

100 million tokens set aside for the first-day airdrop

Of the 100 million LAPTOP allocated to the first-day airdrop, 20 million are intended to be distributed by partner platforms to users who lost money trading TRUMP. The remaining 80 million are reserved for users who subscribed to Hunter Biden’s “Where’s Hunter” Substack before Sept. 6.

The claim period will last 30 days. Any tokens not claimed by the deadline will be permanently burned. A separate 100 million LAPTOP reserved for future airdrops will be distributed at the discretion of Phoenix Veritas Foundation.

Liquidity allocation and market-making arrangements

The liquidity allocation totals 100 million tokens and is intended for trading venues, market makers, and liquidity pools on decentralized exchanges. The foundation has signed market-making token loan agreements with G20 and GSR, lending a combined 20.5 million LAPTOP, equivalent to 2.05% of total supply.

The disclosure says those tokens are counted within the liquidity allocation and do not represent additional issuance.

How the remaining 65% is allocated

The remaining 65% of supply consists of a 30% founder allocation, a 30% prediction mechanism allocation, and a 5% charity allocation. Founder tokens will unlock linearly over 24 months after a six-month lockup period. Tokens assigned to the prediction mechanism will unlock over 24 months after a 12-month lockup.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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