LAPTOP multisig received 100 million tokens, or 10%, before launch

  • LAPTOP's multisig address received tokens before the token launch.
  • 100 million tokens represented 10% of LAPTOP's total supply.
  • The address distributed about 42.5 million tokens during the launch period.

LAPTOP's multisig address, a wallet requiring multiple approvals, received 100 million tokens about seven days before launch, equal to 10% of total supply. During the launch, it transferred or distributed about 42.5 million tokens, including roughly 15.5 million to market maker GSR and about 14.5 million to an unlabeled address. The transactions prompted community questions over an apparent discrepancy with the published tokenomics. Hunter Biden said this morning that he did not profit from the token issuance, BlockBeats reported on Sept. 10.

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