LAPTOP Community Launch Update
The LAPTOP community saw a sharp swing in token price during its first hours of trading today. Our team has addressed this situation and would like to share an overview with our community of what contributed to the volatility and what is being done now to improve market liquidity.
The initial LAPTOP pool launched at $0.05 per token into significant demand, making it a target for predatory sniper bots, which are automated programs that target cheap tokens in trading pools. The market maker’s initial liquidity was insufficient to meet this demand, and resulted in a sharp price spike up and down before liquidity could catch up.
We are continuing our work to ensure that available liquidity better meets trading demand moving forward. In support of this, 4,000,000 tokens (0.40% of the total supply) are being deployed to incentivize liquidity on Aerodrome pools, starting at midnight UTC on September 10th.
Separately, two events from our novel Predictions allocation are already resolving YES, meaning 10,000,000 LAPTOP will be burned, permanently reducing the circulating supply by 1% within the first week of launch.
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We are grateful to the community members who have continued to support LAPTOP, and we want to be clear about what this launch was built to be.
Everyone had the same information, at the same time. We announced two days in advance, and before a single trade we published the contract address, the full token allocation, a Hacken security audit, a Token Disclosures document, and a MiCA-compliant whitepaper filed with the Dutch AFM and passported across the EU. Almost no memecoin does this, and almost none does it before launch. There was no stealth deployment, no hidden supply, and no surprise to benefit insiders.
No token presale. No investor, influencer, or KOL allocations. Nobody bought LAPTOP before you could — and clearly if you’ve spent any time on crypto twitter this week, you know we didn’t pay KOLs. Founders’ 30% is locked for six months and vests over two years, held in Coinbase Custody. The 30% Predictions allocation is locked for twelve months.
The airdrop went to real people. 80,000,000 LAPTOP is claimable by Hunter’s Substack subscribers who joined before September 6, most of them through embedded wallets created at claim time. Each recipient receives at least 784 tokens. Claims stay open for 30 days at laptoptoken.com. Tokens that go unclaimed at the end of the window are burned.
The Predictions mechanism is already working. 30% of supply is tied to public, verifiable events criteria. When a prediction resolves YES, the tokens are burned. When it doesn’t, they go to charity. The first event, 5,000,000 tokens, was resolved yesterday when Beeple referenced $LAPTOP. Either way that supply leaves our hands, and a further 5% is committed to charity regardless of any outcome.
Trading is broadening. LAPTOP is now live on Kraken, KuCoin, Bitvavo and Bitpanda, and tradable through Coinbase, the Base App, Binance and OKX onchain products.
You should not expect us or anyone else to make this token more valuable for you. LAPTOP was built to say something. We’re here to stay, and we’ll keep saying it.
