Escobar Inc has launched an ICO for the development of ESCOBAR, a stablecoin pegged to the US dollar in order to compete Tether stablecoin and impeach US President Donald Trump.
Recently, Escobar Inc set up a crowdfunding campaign on GoFundMe aiming to impeach Trump but after having raised more than $10M in ten hours, the page went dark. So, when their campaign hit a dead end on GoFundMe, Escobar Inc created ImpeachTrumpFund.com with the aim of raising $50M to “stop President Trump and get him impeached”.
This move basically focuses on ensuring that the fundraising campaign of Escobar Inc for removing Trump from his office won’t be censored from centralised platforms such as GoFundMe again. However, apart from impeaching Trump, the estate plans to offer an alternative to the Tether stablecoin (USDT) that they think is untrustworthy.
According to the Escobar Inc pre-ICO whitepaper, the ESCOBAR cryptocurrency is an ERC-20 token that will be pegged to the US dollar and will be issued through the Ethereum Blockchain.