Everybody today is familiar with Pablo Escobar, thanks to Netflix’s exclusive series, Narcos. Now, the brother of the drug kingpin, Roberto Escobar is making news.
He had set up a GoFundMe page for a crowdfunding campaign that was meant to impeach President Trump. Though the page was pulled by GoFundMe, some reports indicated that it had raised more than $10 Million.
However, less than a day after his GoFundMe campaign hit a dead end, Roberto and Escobar Inc. launched ImpeachTrumpFund.com aimed solely to raise $50 Million in order to get President Trump impeached as soon as possible, preferably by the end of this year. The fund drive accepts several popular cryptocurrencies, for example, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Tron (TRX), Ripple (XRP), Stellar (XLM), Tether (USDT) and ZCash (ZEC).
Another way devised to donate to this campaign is by participating in the sale of the ESCOBAR token. Though the website carrying out the token sale is currently under development, news reports indicate that it will, in all likelihood be a stablecoin pegged to the USD. This issuance of an ICo is to take advantage of the decentralized nature of cryptocurrencies and blockchain technology, which ensures that no government has the jurisdiction stop such a fund drive.
Olof Gustafsson, CEO of Escobar Inc. explained to Hard Fork how it all came to being:
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. We believe the Trump Administration [sic] or President Trump shut us down.
The COO of Escobar Inc., Daniel Reitberg, explained that the ESCOBAR token will be a much better option that USDT.
Yes, we had plans to release this cryptocurrency in 2019 as a stablecoin alternative to the USD Tether. We do not trust the USDT.
We think that people should use our coin, as we have a much larger business sense than most other companies out there and Roberto Escobar has made hundreds of billions of dollars throughout his career.