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Auditchain founder claims on schedule; community believes $2m burnt in funding, $600k debts

auditchain founder claims all well at firm

Jason Meyers, in an interview with revealed that Auditchain project would continue as scheduled and the firm would be releasing two products in the Q2 of the current year. He denied that the firm is in six hundred thousand dollars ($600k) debt. He also claims that the two million dollar funding has been used to build two products.

On the other hand, the Marketing Advisor of the firm Yaros Belkin has shared that Jason has not been able to honor the agreement with his team and the investors. Yaros explained that,

Let’s be resonable – how would I possibly know the total amount of investors if Jason is refusing to show any debt documentations or SAFTs to anyone, including Georges, business developer from the crypto community, who brought in first seed investors. Back in 2017 noone would believe in Jason, him not being from the cryptocommunity. Back then it was still a thing. Now everyone seems to be “from cryptocommunity”, but that’s a whole different story.

Talking about his own relationship with Jason he explained that the two were in discussion for quite some time for different positions in the firm before Belkin decided to stick to the advisory position.

I was just a humble Marketing Advisor all the time. Was initially offered a CMO position by Jason himself. Decided to refuse it because from the very beginning I clearly saw that his despotic kind of leadership would not let me manage marketing professionally. He would argue about every single thing and want everything his way to the point that I completely refused being part of the project. But then he came back wanting me again and we’ve settled on me being just the Advisor, not a CMO, and him respecting my point of view.

Belking also revealed that it is in speculations that Auditchain burned through at least two million dollars ($2m),

a current (more or less) proved debt of the project is around $600k, but I keep hearing about both figuires being much more.

While, Meyers suggested that should take down our first piece on the Auditchain issue. Talking about the agreement shared by Georges Al Madawar a business developer who did a seed round for Auditchain, he did an awful lot for the project to rise at some point.

Talking about the shared agreement and the legal letter Meyers scornfully expressed,

The bottom feeders of the crypto space seem to have nothing better to do all day long than attack the innovation of others.

Answering the question about the SAFT list he has failed to produced Meyers rhetorically asked,

It is not clear that the people you are getting your information from want to kill the project?

Whether or not the project is dead remains to be a mystery as long as Jason Meyers does not share the documents needed to assess the losses, debts, and money required to run the project. If the products are launched in Q2 as Meyers announced the question still remains, would Meyers be able to run the project after his core team has left the firm?

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

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