The elder brother of the late drug Lord Pablo Escobar launches a new cryptocurrency in an attempt to deprive the President of the United States Donald trump of his place of honor in the white house, apparently due to the construction of a wall on the border with Mexico.
In less than a day after the crowdfunding campaign to create a Fund Impeach Trump Fund, organized through the platform GoFundMe, Escobar Inc. holds the ICO to issue their own stablon tied to the U.S. dollar, aptly named ESCOBAR, reports TNW.
This decision was made primarily in order to ensure integrity of the funds from any centralized platforms able to censor funds Escobar, because they will almost entirely be focused on the overthrow of the trump.
Escobar Inc. also intends to compete with the world’s most popular stable coin, Tether (USDT), which, in the opinion of the company, is not credible.
“The original goal was to raise 50 million dollars just on the GoFundMe platform. After receiving $ 10 million in just 10 hours, we were closed GoFundMe and within 24 hours launched a stable cryptocurrency ESCOBAR, lest we subjected to censorship. We believe that the administration of President trump or trump shut us down,” said Gustafsson, CEO Escobar Inc.
A screenshot provided to TNW, really shows the achievement level of $ 10 million.
In the official document describes in detail how to work the cryptocurrency. Released on the Ethereum blockchain token standard ERC-20 will have the issue of 1 billion coins, which will be tied to the US dollar thanks to an agreement with the firm in Belize.
“Yes, we had plans to release this cryptocurrency in 2019 as an alternative stable coin Tether. We don’t trust USDT. We believe that people need to use our coin, because we have a much broader business application than most other companies, and Roberto Escobar earned hundreds of billions of dollars during his career,” said Daniel Radberg, chief operating officer Escobar Inc.
This is not the first cryptocurrency project from Roberto Escobar and Escobar Inc. In the beginning of last year they launched a fork of bitcoin called Bitcoin Diet, which was supposed to be much cheaper and faster than Bitcoin.
In support of this hard forks was also released a book where Roberto wrote about the fact that Satoshi is the CIA and ultimately Managing sell all your coins that will inevitably destroy Bitcoin.