In an attempt to impeach President Donald Trump, brother of the late drug lord Pablo Escobar has announced that he will launch a new cryptocurrency in a bid to remove U.S. President Donald Trump. This was revealed by a website escobartrump.org.
As per the report, the cryptocurrency has been named ESCOBAR and is an Ethereum ERC-20-based stablecoin which is pegged to the U.S. dollar. The project is being led by the deceased drug kingpin’s elder brother Roberto.
The website further notes:
“The token came to existence as a tool to raise money for the Impeach Trump Fund cause, where a GoFundMe fundraiser was shut down and censored. Thanks to cryptocurrency, there are no boundaries to be censored!”
The proposed stablecoin is an ERC-20 token, which means that one billion ESCOBAR tokens will be issued via the Ethereum blockchain.
The Project is currently holding an ICO pre-sale of 200 million tokens which was started on Wednesday and is expected to go on till 10 May 2019.
Speaking to Hard Fork, Olof Gustafsson, CEO at Escobar Inc. said that the plan had been to raise $50 million via the GoFundMe campaign they’d titled “ByeByeTrump.” But after their campaign was blocked, they decided to immediately launch the token, he claimed.
“After raising $10 million in just 10 hours we were shut down by GoFundMe and within 24 hours launched the ESCOBAR stablecoin cryptocurrency to avoid anyone censoring us again. We believe the Trump Administration or President Trump shut us down,” he added.
The prosed cryptocurrency is an ERC-20 token, which means that one billion ESCOBAR tokens will be issued via the Ethereum blockchain. The value of ESCOBARS is to be fixed permanently to the US dollar.
This is not the first time Roberto Escobar and Escobar Inc. have dipped their toes in the cryptocurrency market. Early last year, they launched a fork of Bitcoin, called Diet Bitcoin.