According to CoinMeta, Hunter Biden announced that he will launch a meme coin named LAPTOP on September 9th. The total supply of this coin is 1 billion units, and some of the tokens will be allocated to investors who suffered losses in trading Trump meme coins. According to a report by The Wall Street Journal, Biden is one of the founding team members of this project, and the name of the project originates from a controversy surrounding laptops during the 2020 U.S. presidential election. LAPTOP will adopt a token allocation model, where 30% of the total supply will be reserved for the founding team, 20% will be used for two rounds of airdrops, and eligible investors include those who lost money in trading Trump meme coins. The project also plans to use 20% of the supply for charitable donations, liquidity, and distribution to market makers.