© Reuters.

Having allegedly been blocked from fundraising on GoFundMe, the brother of deceased drug lord Pablo Escobar has launched a cryptocurrency apparently targeting the impeachment of U.S. President Donald Trump.

Revealed on a new website, escobartrump.org, the new token has been dubbed the ESCOBAR and is an ethereum ERC-20-based stablecoin it claims will be pegged to the U.S. dollar. The project was founded by Escobar’s elder brother, Roberto.

The website further claims:

“The token came to existence as a tool to raise money for the Impeach Trump Fund cause, where a GoFundMe fundraiser was shut down and censored. Thanks to cryptocurrencies, there are no boundaries to be censored!”

The project is currently holding an ICO pre-sale of 200 million tokens, which launched Wednesday and runs until May 10. Altogether the Escobar estate hopes to sell 1 billion ESCOBARS, according to its white paper. By June, the website claims, the stablecoin will be redeemable for dollars via a company in Belize.

Continue Reading on CoinDesk

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Pablo Escobar’s Brother Says New Crypto Will Fund ‘Impeach Trump’ Effort By CoinDesk

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