TE-FOOD

Project Overview

TE-FOOD is a blockchain-based supply chain management platform specifically focused on the food industry. The project aims to track and trace food items from farm to table, ensuring food safety and transparency. Their TONE token serves as the utility token within their ecosystem for paying for services, rewarding participants, and governance.

Utility Assessment

The primary utility of TONE includes: service payments within the TE-FOOD ecosystem, staking for running masternodes that help secure the network, and governance participation for protocol decisions. The platform is actively used by several food companies and governmental organizations, particularly in emerging markets.

Development and Adoption

The project shows consistent development activity with regular updates to their technology stack. They have established partnerships with various food industry players and maintain an active presence in Vietnam and other Asian markets. Their blockchain solution has been implemented in real-world supply chains, tracking millions of food items.

Token Distribution and Business Model

The token distribution appears reasonably balanced, with no concerning concentration among founders or early investors. The business model focuses on providing legitimate supply chain tracking services, which aligns with halal principles of transparency and ethical business practices.

Revenue Model

TE-FOOD generates revenue through implementation fees, licensing, and transaction fees from using their supply chain tracking system. This model does not involve interest-based income or prohibited activities.