TE-FOOD
Crypto Overview
Project Overview
TE-FOOD is a farm-to-table food traceability ecosystem that uses blockchain technology to track and verify the journey of food products throughout the supply chain. The TONE token serves as the native utility token of the ecosystem, used for paying for traceability services, staking by supply chain participants, and governance.
Intended Utility Assessment
The primary purpose of TONE is to facilitate payments within the TE-FOOD ecosystem and enable participation in the network's governance. Supply chain participants must stake TONE tokens to become trusted data providers, creating a mechanism for ensuring data integrity.
Actual Utility Analysis
The project has demonstrated real-world adoption through partnerships with various food industry participants and government entities, particularly in emerging markets. The system is actively used for tracking millions of food items, with verifiable on-chain data showing consistent transaction activity.
Token Distribution and Governance
The token distribution appears reasonably balanced, with no excessive concentration among founders or early investors. There are documented vesting periods for team allocations, and the project demonstrates ongoing development activity with regular GitHub updates.
Business Model Evaluation
The business model focuses on providing legitimate supply chain services, promoting transparency and food safety. The revenue model is based on service fees rather than speculative trading or 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.