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| 00 | Table of contents |
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| 01 | Date of notification |
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| 02 | Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114 |
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| 03 | Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114 |
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| 04 | Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114 |
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| 05 | Statement in accordance with Article 6(5), point (d) |
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| 06 | Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114 |
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| 07 | Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114 |
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| Summary | ||
| 08 | Characteristics of the crypto-asset |
The $LAPTOP token is a meme token issued on the Base blockchain as an ERC-20 token. Under MiCAR, it is classified as a crypto-asset other than an asset-referenced token or e-money token. $LAPTOP acts solely as a digital collectible and does not confer any inherent rights, utility, or obligations upon the purchaser. Because there are no inherent rights attached to the token, there are no specific procedures or conditions for exercising them, aside from the standard ability to hold, store, and transfer the token using compatible digital wallets or trading platforms. Token holders do not possess governance or veto rights. |
| 09 | Further information about utility tokens |
The $LAPTOP token is a community token of the Hunter Biden’s Laptop project, designed to bring holders together and fuel community activity. As a meme token, $LAPTOP is not classified as a utility token and does not grant access to any specific goods or services, nor does it have any inherent rights or obligations beyond its existence as a digital representation of value. Its functionality is strictly limited to standard ERC-20 features, allowing it to be freely transferred and stored on the Base blockchain. While there are no protocol-level restrictions on the transferability of $LAPTOP, a portion of the token supply allocated to the Founders and Events is subject to contractual lock-ups of 6 and 12 months, followed by linear monthly vesting schedules of 24 months each, respectively. Additionally, transferability and access may be restricted by individual trading platforms, which can impose limitations such as geo-fencing for users located in OFAC-sanctioned jurisdictions or to comply with other applicable laws. |
| 10 | Key information about the offer to the public or admission to trading |
No offer of $LAPTOP tokens is being made to the public for fundraising purposes in connection with this disclosure. This initiative represents an admission to trading rather than a public token sale; accordingly, there is no raising of funds, and no target subscription goals, issue price, or subscription periods are applicable. Furthermore, no crypto-asset service provider has been appointed to place the token on a firm commitment or best-effort basis. Admission to trading for $LAPTOP is being sought on Coinbase, Bybit Europe, Bitpanda, Bitvavo, and Kraken. This admission aims to increase token accessibility for European users, enhance transparency and regulatory compliance under the MiCA framework, and improve market liquidity to support the ongoing growth of the project. Users will be able to access $LAPTOP via these trading platforms, which will enforce their own registration processes, terms of service, and geo-fencing restrictions. |
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Phoenix Veritas Ventures Ltd is a company dedicated to supporting the issuance and administration of $LAPTOP, managing related activities, and establishing subsidiaries to undertake operations in furtherance of these objects. The company's core business activities include managing the $LAPTOP distribution model, facilitating community airdrops and executing predetermined event-driven token burn and release mechanisms that are not tied to the efforts of any founder. Phoenix Veritas Ventures Ltd operates globally, with its registered office established in the British Virgin Islands.
As Phoenix Veritas Ventures Ltd was established on 2026-03-26, three-year historical financial data is not available.
Phoenix Veritas Ventures Ltd is a newly established entity in the early stages of development. The company has not yet generated substantial revenue or incurred significant expenses.
A brief summary of Phoenix Veritas Ventures Ltd's financial performance at the time of writing is as follows:
Funding and Capitalization:
The company's initial share capital is $1 USD.
The entity is sufficiently self-funded with fiat and stablecoins.
$LAPTOP has a fully diluted value as of 31 March 2026 of approximately 50,510 USD.
Hunter Biden's Laptop project is a meme project focusing on internet culture. The platform is built around a single collectible token. The project's mission is to turn one of the internet's most talked-about moments into a shared community.
$LAPTOP is the native community token of Hunter Biden's Laptop project. It is designed to bring holders together and fuel community activity, acting as the central collectible around which the community forms.
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The future milestones are provided for informational purposes and remain subject to change due to business, regulatory, compliance, or operational considerations.
$LAPTOP has secured financial resources (approximately US$ 1,400,000) through a private loan.
These resources are allocated to key areas, including:
Product Development & Art
Consultancy and Legal/Compliance
The project is supported by a dedicated community operating alongside a formal foundation governance structure. The community is focused on attracting new members, executing media outreach campaigns, and defining claim flows around technical integration constraints.
The resource allocation amount is an estimate based on data available at the time of disclosure.
This is not applicable because there will be no raising of funds. This is not an offer of $LAPTOP but rather an admission to trading of $LAPTOP, after the TGE has occurred.
The admission to trading of $LAPTOP is intended to:
Increase Accessibility: To make $LAPTOP more accessible to European users.
Enhance Transparency and Compliance: This MiCA-compliant disclosure is filed voluntarily to enhance transparency, regulatory clarity, and purchaser confidence. It signals the project's readiness to align with the high disclosure standards of Regulation (EU) 2023/1114.
This initiative is an admission to trading and not a fundraising event or public offer.
The project is targeted at all types of purchasers. No restrictions are being applied other than those required by relevant laws, regulations, or the internal policies of the trading platforms.
Access to the $LAPTOP token may be restricted by the individual trading platforms where it is made available. These restrictions may include, but are not limited to, geo-fencing for users in OFAC-sanctioned jurisdictions or other individuals prohibited under the platform's terms and conditions and applicable laws.
Purchases of $LAPTOP on trading platforms may be made using supported crypto-assets (e.g., Bitcoin, Ethereum, USDC) or fiat currencies (e.g., EUR, USD), as per the available trading pairs on the platform. The information on the specific payment methods and providers of payment services is available at https://www.coinbase.com, https://www.bybit.eu, https://www.bitpanda.com/, https://www.bitvavo.com, and https://www.kraken.com and their use is subject to the applicable terms and conditions of the specific service provider.
If applicable, any valid reimbursements shall be made to the account or wallet originally used to buy the token.
$LAPTOP acquired as a result of trading shall be transferred through means designated by the trading platform to the compatible wallet or account as designated by the selected Trading Platforms.
Purchasers must have an account on a trading platform where $LAPTOP is listed and abide by that platform's terms. Technically, holders must have a digital wallet compatible with the ERC-20 token standard on the Base blockchain. This can be a self-custodial wallet or an account managed by a third party (like an exchange). Basic requirements include internet access and a compatible device (computer or mobile).
$LAPTOP is available on various centralized and decentralized trading platforms. Purchasers can access these platforms by creating an account on their respective websites (e.g., https://www.coinbase.com, https://www.bybit.eu, https://www.bitpanda.com/, https://www.bitvavo.com, and https://www.kraken.com) and complying with the platform's requirements, including KYC/AML verification.
Access to the trading platforms is typically free, but users will incur costs related to trading and transactions. These may include transaction fees (maker/taker fees), withdrawal fees, and network fees. These costs are set by the individual exchanges and are not controlled by Phoenix Veritas Ventures Ltd. Users are advised to review the fee schedule on the respective platform's website at https://www.coinbase.com, https://www.bybit.eu, https://www.bitpanda.com/, https://www.bitvavo.com, and https://www.kraken.com.
To the best knowledge of Phoenix Veritas Ventures Ltd, no conflicts of interest have been identified in relation to the admission to trading.
Subject to mandatory applicable law, any dispute arising out of or in connection with this white paper shall be governed by and construed in accordance with the laws of the British Virgin Islands.
Subject to mandatory applicable law, any dispute arising out of or in connection with this white paper shall be exclusively subject to the jurisdiction of the courts in the British Virgin Islands.
$LAPTOP is classified as an "Other Crypto-Asset" under Regulation (EU) 2023/1114, as it is not an Asset-Referenced Token (ART) or E-Money Token (EMT). It is a fungible token based on the ERC-20 standard.
$LAPTOP has the inherent functionalities of its token standard (e.g., ERC-20), primarily being transferable and storable on the Base blockchain.
As $LAPTOP is a meme token there are no other specific functionalities planned or to be expected.
The functionalities described in F.2 are already applied, as they are intrinsic to the token standard.
$LAPTOP is a fungible crypto-asset classified as an "Other Crypto-Asset" under MiCA. It operates on the Base blockchain as an ERC-20 token. The underlying network, Base, uses a proof-of-stake consensus mechanism designed for high throughput and low transaction fees. $LAPTOP does not represent ownership, profit rights, or legal claims.
N/A. The issuer’s only activity is the issuance of the Token; it does not provide any other services.
$LAPTOP tokens do not have any inherent rights, utility, or obligations attached to them beyond their existence as a digital collectible on the blockchain.
As $LAPTOP is a meme token, the tokens do not have any inherent rights, utility, or obligations attached to them beyond their existence as a digital collectible on the blockchain.
Phoenix Veritas Ventures Ltd shall not be entitled to modify the rights, features, and functionalities associated with the token, including its utility and applicable conditions.
Phoenix Veritas Ventures Ltd does not intend to conduct any future public offerings of $LAPTOP.
$LAPTOP is an ERC-20 token on Base. There are no transfer restrictions encoded at the contract level; tokens can be sent freely between any addresses.
However, a portion of the token supply allocated to the Founders and the Events allocation is subject to contractual lock-up and/or vesting schedules (i.e., 6-month and 12-month lock-up periods respectively, each followed by linear monthly vesting over 24 months). Furthermore, individual trading platforms may impose their own transfer restrictions in accordance with applicable laws and internal policies.
$LAPTOP has a static, fixed supply encoded at the contract level. However, there are two mechanisms that may reduce or reallocate supply over time.
First, of the 10% of total supply reserved for the day 1 community airdrop, any tokens unclaimed 30 days after the claim period opens are reallocated for donation to charity. This also applies to any future airdrops, for which an additional 10% of the supply is allocated.
Second, the 30% of total supply allocated to events unlocks under a 12-month cliff and a subsequent 24-month linear monthly vesting schedule; per-event tokens are burned where the relevant binary outcome milestone is achieved within the set timeframe, and reallocated for donation to charity where it is not.
There is no written legal agreement between the person seeking admission to trading and the crypto asset-holder that sets out the laws that govern the legal relationship between those two parties. In the absence of such an agreement, the law and competent court applicable to the $LAPTOP shall be the law of the British Virgin Islands, unless prescribed otherwise by applicable legislation (incl. consumer law).
There is no written legal agreement between the person seeking admission to trading and the crypto asset-holder that sets out the laws that govern the legal relationship between those two parties. In the absence of such an agreement, the law and competent court applicable to the $LAPTOP shall be the law of the British Virgin Islands, unless prescribed otherwise by applicable legislation (incl. consumer law).
$LAPTOP is an ERC-20 token. This standard ensures industry compatibility with wallets, exchanges, and smart contracts. The Base network itself is Ethereum layer 2 that utilizes optimistic rollups for its operations.
As an ERC-20 token, $LAPTOP is deployed as a smart contract. Users can hold, store, and transfer the token using any wallet software (non-custodial or self-custody) that is compatible with the Base network. Users may also manage the token through accounts provided by third-party custodians or centralized exchanges.
The Base network, which $LAPTOP relies on, is an optimistic rollup that settles to ethereum which uses a proof-of-stake consensus mechanism.
In the proof-of-stake system, validators are chosen to propose and verify new blocks based on the amount of ETH they have staked as collateral.
The validators who secure the network are rewarded with economic incentives for their work. These incentives consist of newly issued ETH and transaction fees paid by users.
A security audit was successfully completed by auditing firm Hacken. The audit reviewed the smart contract for the LaptopOFT on the Base blockchain, a LayerZero-based Omnichain Fungible Token (OFT) implementation designed to enable cross-chain transfers of $LAPTOP through a burn-and-mint mechanism. The outcome was that four total findings (one Low severity and three Informational) were identified during the assessment, all of which were successfully fixed by the development team prior to the final report issuance on April 23, 2026. The audit confirmed the smart contract maintains a fixed global supply of 1,000,000,000 tokens initially minted on the Base chain.
A copy of the audit report is available at: https://drive.google.com/file/d/12y40XfEXUPkgc4OYtxUf1WJ_RtoFR2KO/view?usp=drive_link
The admission of $LAPTOP to trading on third-party platforms involves specific risks for holders:
· Third-Party Platform Risk: Holders are subject to the terms and conditions of the trading platforms. The platform's operational disruptions (e.g., outages, cyberattacks) or a decision to delist $LAPTOP (due to low liquidity, regulatory pressure, or internal policy) could severely impact the token's accessibility and liquidity.
· Platform Insolvency Risk: If a trading platform holding a user's $LAPTOP tokens becomes insolvent or bankrupt, users risk the partial or total loss of those assets.
· Regulatory Risk (Platforms): Crypto-asset service providers are subject to evolving regulations. New rules could force platforms to halt trading, restrict access for users from certain jurisdictions, or delist $LAPTOP.
Insolvency: Phoenix Veritas Ventures Ltd may become insolvent through lack of funding, loss of key personnel, or absence of commercial success, which could end all activity connected to $LAPTOP.
Treasury: The Phoenix Veritas Foundation controls the event allocation and Foundation Treasury and determines whether event milestones are achieved. The Holders shall bear the risk that allocation and milestone decisions are made at the entity's discretion, whereas the Holders may be in disagreement with such decisions.
Concentration / supply overhang: A significant share of supply sits in Founders and Events allocations subject to lock-up and vesting. Their release or sale could exert substantial downward pressure on price.
Reputational / association: The project is built around a politically charged reference to Hunter Biden, who is also a co-founder. Negative publicity, political controversy, or objection by referenced parties could trigger delistings or sharply reduce value of the collectible.
Legal & regulatory compliance: Issuer non-compliance with evolving crypto regulation could result in enforcement, penalties, litigation, or trading restrictions.
Holding $LAPTOP involves risks inherent to most crypto-assets:
Market Volatility: Crypto-asset prices are extremely volatile and subject to significant, rapid fluctuations. The value of $LAPTOP can be influenced by market speculation, shifts in sentiment, and macroeconomic factors. There is no guaranteed price floor, buyback or redeemability mechanism, which means that acquiring the $LAPTOP may result in total loss of the purchase price.
Liquidity Risk: The market for $LAPTOP may lack depth and liquidity. It may be difficult to buy or sell large quantities at a desired price, or at all, leading to significant financial losses.
Custody & Private Key Risk: Holders are responsible for securing the private keys to their wallets. The loss, theft, or compromise of these keys will result in the irreversible loss of all associated $LAPTOP tokens, with no recourse.
Regulatory Risk: The legal and regulatory treatment of crypto-assets is uncertain and evolving. Future regulations could impose restrictions on the holding, use, or trading of $LAPTOP, or it could be classified in a way that adversely affects its value or legality.
Meme token risk: The token is a meme token with no inherent utility or value and no committed roadmap. There is no current plan to develop it further. The token should be considered “as is,” and purchasers should hold no expectation of further development of any kind. The token's value is driven solely by market sentiment and may fall to zero.
The future success of Hunter Biden’s Laptop project is subject to significant implementation risks:
No intrinsic value / purely speculative: $LAPTOP has no inherent utility or value, cash flow, or underlying asset. Its price is driven entirely by speculation and meme-culture sentiment, is unsupported by any fundamentals, and may fall to zero.
Dependence on community interest: Value depends on the meme's continued popularity. Waning attention, shifting internet trends, or adverse sentiment could permanently reduce value.
Memecoin sector risk: Memecoins are a high-risk class; historically the majority have produced significant or total losses for holders, and some have primarily benefited early insiders at the expense of later purchasers.
Market-abuse susceptibility: Assets with low market capitalisation and few venues are especially exposed to pump-and-dump, spoofing, and front-running, which could cause total loss.
$LAPTOP relies on complex, emerging technology, which introduces specific risks:
Smart Contract Risk: The smart contracts for $LAPTOP, despite audits, may contain hidden bugs, flaws, or vulnerabilities. Such flaws could be exploited by malicious actors, potentially resulting in the theft or irreversible loss of funds.
Underlying DLT Risk: The project relies on the security and performance of the underlying Base network. This network is subject to its own risks, such as network congestion, high transaction fees, consensus failures (e.g., 51% attacks), forks, or operational halts. Execution of transactions requires gas fees, which are subject to market conditions and may fluctuate during periods of high activity. Users who interact with $LAPTOP via decentralized exchanges (DEXs) may face exposure to front-running or Maximal Extractable Value (MEV), where third parties reorder or insert transactions for their advantage.
Cybersecurity Risk: The front-end applications are a target for cyber-attacks (e.g., DDoS attacks, hacks). A successful attack could disrupt services or lead to a loss of user assets.
Scalability Risk: The underlying technology may not scale effectively to handle a high volume of users or transactions, leading to slow performance and high fees, which would deter adoption.
Phoenix Veritas Ventures Ltd has implemented several measures to mitigate the identified risks:
Security Audits: Commissioning comprehensive security audits of all smart contract code from reputable, independent third-party security firms before deployment.
Use of Reputable Technology: Building on a secure and battle-tested DLT (like Base) to leverage its established consensus mechanism and security.
The Base network, which $LAPTOP relies on, operates using a proof-of-stake consensus mechanism.
In this system, validators are chosen to propose and verify new blocks based on the amount of ETH they have staked as collateral.
The validators who secure the network are rewarded with economic incentives for their work. These incentives consist of newly issued ETH and transaction fees paid by users.
Data provided by CCRI; all indicators are based on a set of assumptions and thus represent estimates; methodology description and overview of input data, external datasets and underlying assumptions available at: carbon-ratings.com/dl/whitepaper-mica-methods-2024 and docs.mica.api.carbon-ratings.com. We do not account for any offsetting of energy consumption or other market-based mechanism as of today.