Possessing allegedly been blocked from fundraising on GoFundMe, the brother of deceased drug lord Pablo Escobar has launched a cryptocurrency evidently targeting the impeachment of U.S. President Donald Trump.
Exposed on a new web-site, escobartrump.org, the new token has been dubbed the ESCOBAR and is an ethereum ERC-20-dependent stablecoin it claims will be pegged to the U.S. dollar. The venture was established by Escobar’s elder brother, Roberto.
The web-site more claims:
“The token arrived to existence as a resource to raise revenue for the Impeach Trump Fund result in, in which a GoFundMe fundraiser was shut down and censored. Thanks to cryptocurrencies, there are no boundaries to be censored!”
The venture is at present keeping an ICO pre-sale of 200 million tokens, which launched Wednesday and runs right up until May 10. Entirely the Escobar estate hopes to promote 1 billion ESCOBARS, in accordance to its white paper. By June, the web-site claims, the stablecoin will be redeemable for bucks via a firm in Belize.
Olof Gustafsson, CEO at Escobar Inc., advised The Future World wide web that the prepare had been to raise $50 million via the GoFundMe marketing campaign they’d titled “ByeByeTrump.” But soon after their marketing campaign was blocked on the platform, they’d resolved to instantly start the token, he claimed.
Gustafsson went on to say:
“After elevating $10 million in just 10 hrs we have been shut down by GoFundMe and within just 24 hrs launched the ESCOBAR stablecoin cryptocurrency to prevent anyone censoring us again. We think the Trump Administration [sic] or President Trump shut us down.”
The GoFundMe claims are nonetheless to be confirmed, claimed TNW, though it printed a screenshot supplied by Escobar Inc. purporting to be the marketing campaign page with $10 million donated.
On a further web site for its Trump impeachment marketing campaign, Roberto Escobar is overtly described as the previous co-founder of the Medellín drug cartel together with Pablo, “where Roberto utilized to be the accountant responsible for around $100 billion in income.”
Escobar Inc. beforehand released a further crypto referred to as dietbitcoin that appears to be to have flopped. The web-site for product sales of that token is at present classed by Google Chrome as a protection threat to visitors.
Whether this most recent cryptocurrency touted by the co-founder of a drugs cartel will do any superior continues to be to be observed. Crypto investors should really, of system, have out in depth thanks diligence prior to investing in any coin.
Donald Trump picture via Shutterstock