TrueFeedBack
Crypto Overview
Project Overview
TrueFeedBack (TFBX) is a blockchain-based consumer feedback and market research platform launched in 2019. The project aims to incentivize users to provide genuine feedback about products and services by rewarding them with TFBX tokens.
Purpose and Utility
The primary stated purpose is to create a decentralized ecosystem where businesses can gather authentic customer feedback while users get rewarded for their participation. The TFBX token serves as the native currency within this ecosystem for rewarding participants.
Business Model Analysis
The business model appears to focus on legitimate market research activities, connecting businesses with consumers through surveys and feedback collection. There is no evidence of involvement in prohibited activities like gambling, interest-based lending, or adult content.
Development and Adoption
The project shows some development activity, though limited compared to larger blockchain projects. The team maintains a presence on social media and continues to update their platform. Real-world adoption appears to be in early stages, with most token activity currently occurring on exchanges.
Token Distribution
The token distribution shows a significant portion allocated to the team and advisors, with vesting periods in place to prevent immediate selling. Marketing efforts appear to be balanced with development activities, though detailed spending breakdowns are not publicly available.
Crypto Impact
To assign a comfort level investing in TrueFeedBack 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 TrueFeedBack.
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.