Roberto, the older brother of the famous drug dealer Pablo Escobar, is the founder of a cryptocurrency that aims to contribute to the impeachment of US President Donald Trump.
The token, nicknamed ESCOBAR, was created on the Ethereum network (ERC-20) and will be backed by the US dollar. It is what we call in the crypto universe of a stablecoin, ie a currency with a stable value, without the price oscillation, common to variable income assets.
But you must be thinking: how can a cryptocurrency be useful in an issue such as the removal of a president from one of the most powerful countries in the world?
Since ESCOBAR is in the pre-ICO phase, which is the initial offer of coins, the amount collected from tokens will serve as a fundraiser for the Impeach Trump fund, an organization focused on taking the US president out of power.
The organizers estimate that more than 1 billion ESCOBAR tokens will be sold, with more than 200 million tokens being made available in the pre-ICO. This sale phase will last until May 10th.
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