The boss of the drug boss Pablo Escobar is launching a new cryptocurrency in an attempt to sack US President Donald Trump.
Less than a day after a $ 50 million crowdfunding campaign for its GoFundMe Impeach Trump Fund, Escobar Inc. is offering an initial supply of coins (ICO) for a stablecoin pegged to the US dollar, rightly called ESCOBAR.
The move is mainly to ensure that no centralized platform is able to further censure the fundraising efforts of the Escobar estate, which has committed itself to focus almost entirely on the dethronement of Trump.
The estate also aims to compete with the world's most famous stablecoin, Tether (USDT), which according to Escobar Inc. is unreliable.
Escobar Inc. states that Trump has closed its GoFundMe
According to Escobar Inc., 10 million dollars were collected in just 10 hours in advance on the obscure GoFundMe page.
"Originally the goal was to raise $ 50 million using the GoFundMe platform," said Olof Gustafsson, CEO of Escobar Inc. at Hard Fork. "After collecting $ 10 million in just 10 hours, we were shut down by GoFundMe and in 24 hours we launched the ESCOBAR cryptocurrency striptecoin to prevent anyone from censoring us again. [sic] or President Trump silenced us. "
A screenshot shared with Hard Fork shows the achievement of the value of 10 million dollars, in addition to a message that shows that the ByeByeTrump campaign was examined by the administrators of GoFundMe.
Hard Fork contacted GoFundMe to corroborate Escobar's statements, but no response was given at the time of the pixels.
Stabbo of ESCOBAR to rival Tether?
The whitepaper describes exactly how the cryptocurrency works. It is an ERC-20 token, so it means that one billion ESCOBAR tokens will be issued via the Ethereum blockchain.
The value of ESCOBAR must be permanently fixed to the US dollar. Starting in June, every token will presumably be redeemable for one US dollar, thanks to an agreement with a company in Belize.
The estate describes one of the main features of ESCOBAR as most of the stablecoin was launched by "unknown companies", as opposed to Escobar Inc.
"Yes, we planned to release this cryptocurrency in 2019 as a stable alternative to the Tether USD. We do not trust the USD, "said Escobar executive director Daniel Reitberg in Hard Fork." We think people should use our currency, as we have a much broader sense than most other companies and Roberto Escobar has accumulated hundreds of billions of dollars during his career ".
Funds raised through the ICO are believed to be split between the funding of the Impeach Trump fund and the development of the ESCOBAR cryptocurrency.
This is not the first cryptocurrency project of Roberto Escobar and Escobar Inc.. Beginning last year, they launched a fork of Bitcoin, called Diet Bitcoin, which was supposed to be much cheaper and faster than reality.
When Bitcoin diet launched, a book was published in support, written by Roberto. In it, he said that the CIA will one day sell all its coins (because Satoshi Nakamoto is really the CIA), which will inevitably destroy the value of Bitcoin.
As always, it's better do your research before buying any cryptocurrency.
Published January 11, 2019 at 12:10 UTC