Having reportedly been banned from raising money on GoFundMe, the brother of dead drug ruler Pablo Escobar has introduced crypto money focusing on the impeachment of U.S. President Donald Trump.
As per the site of the alleged anti trump campaign, the new token is named the ESCOBAR and is an ethereum ERC-20-based stablecoin which can be pegged to the U.S. dollar. This venture is established by Escobar’s elder brother, Roberto.
The site further claims that the new token was introduced as a tool to fund-raise for the Impeach Trump Fund campaign, where a GoFundMe fun raising attempt was closed down. But, when it comes to cryptocurrencies, there is nothing to be censored!”
The project is undertaking an ICO pre-sale of 200 million tokens. It will be open until May 10. By and large, the Escobar wants to move 1 billion ESCOBARS, as per its white paper. After June, the one can redeem stablecoin for dollars. An organization in Belize would help in this.
Olof Gustafsson, CEO at Escobar Inc., told the media that the arrangement had been to raise $50 million through the GoFundMe battle they’d named “ByeByeTrump.” But after their campaign was hindered on the stage, they’d chosen to dispatch the token quickly, he asserted.
He also said that after raising $10 million in only 10 hours the company was closed within a few hours of launching a GoFundMe, the ESCOBAR stablecoin cryptocurrency to maintain a strategic distance from anybody who can censor the company once more.
The company thinks that Trump Administration or President Trump can shut them down.
Claims made by GoFundMe are yet to be confirmed. However, it has published a screenshot given by Escobar Inc. showing is involvement in the anti-trump campaign as the page in the screenshot is showing $10 million donations.
Escobar Inc. recently launched another crypto called dietbitcoin which flopped. Google Chrome as of now classes the site as a security risk to site visitors.
Regardless of whether this most recent crypto money has been attempted to be sold by the prime supporter of a drug cartel will do any better stays to be seen. Crypto investors should do proper research before investing in anything.