Pablo Escobar’s Brother Launches an ICO for a Stablecoin to Fund Trump Impeachment

Pablo Escobar’s brother Roberto Escobar is launching a new cryptocurrency pegged to the US Dollar after his GoFundMe campaign that was set to raise $50 million to impeach Donald Trump was blocked.

The campaign labeled “ByeByeTrump” even managed to raise over $10 million before being censored. A screenshot showing the campaign reaching the $10 million mark with a message highlighting that the campaign was being reviewed by GoFundMe admins.

The stablecoin named ESCOBAR will be pegged to the US dollar and its ICO run by Escobar Inc. ESCOBAR will be an ERC 20 token launched on the Ethereum Blockchain. to ensure that no single entity censors or stops the campaign.

Olof Gustafsson, CEO of Escobar Inc told The Next Web:

“Originally the goal was to raise $50 million just using the GoFundMe platform. 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.”

Olof also claims that President Trump was responsible for the shutting down of their campaign. He says:

“We believe the Trump Administration [sic] or President Trump shut us down.”

Escobar Inc. also aims to compete with the stablecoin Tether (USDT), which they say is untrustworthy. As per their whitepaper, one billion ERC-20 token ESCOBAR tokens, the funds raised in the ICO will partly be used to fund the Impeach Trump fund and the rest in “developing the ESCOBAR cryptocurrency.”

This is not the first endeavor of Roberto Escobar in the Crypto world, he previously launched a fork of Bitcoin called “Bitcoin Diet” which was aimed to be a faster and cheaper alternative to Bitcoin (BTC).

Get the latest news on Blockchain only on Blockmanity.com. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better


Hayden P.

A blockchain and cryptocurrency enthusiast

You may also like...