TE-FOOD
Crypto Overview
Project Overview
TE-FOOD is a blockchain-based farm-to-table food traceability solution that aims to track and verify the journey of food products throughout the supply chain. The TONE token serves as the utility token powering the ecosystem, used for payments, staking, and governance.
Intended Utility
The primary purpose of TONE is to facilitate transactions within the TE-FOOD ecosystem, including paying for traceability services, participating in governance decisions, and staking for running nodes. The token is designed to serve as the economic backbone of a legitimate business solution for the food industry.
Actual Utility and Adoption
TE-FOOD has demonstrated real-world implementation through partnerships with various food industry participants. The platform has been used to track millions of food items, particularly in emerging markets like Vietnam. The project maintains active development and regular updates to its technology stack.
Token Distribution and Founder Assessment
The token distribution appears reasonably balanced, with no concerning concentration of tokens in founder or team wallets. The project has maintained consistent development focus rather than excessive marketing, and the founding team has remained stable throughout the project's lifecycle.
Business Model Assessment
The business model centers around providing real value through food traceability services, which aligns with Islamic principles of transparency and ethical business practices. The revenue model is based on service fees rather than interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in TE-FOOD from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to TE-FOOD.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.