What is Mate (MATE) crypto coin? Real facts about the abandoned BEP-20 token

What is Mate (MATE) crypto coin? If you’ve seen it pop up on a price tracker or a low-volume exchange, you might think it’s a hidden gem. But the truth is far from exciting. Mate (MATE) isn’t a project. It’s not even a dead project-it’s a ghost. Launched on August 15, 2021, as a BEP-20 token on the Binance Smart Chain, MATE has spent the last four years fading into obscurity with almost no one left paying attention.

What MATE actually is (and isn’t)

MATE is a token with a total supply of 100 million coins. Only about 2.7 million are in circulation. That means over 97% of the supply is locked up, unused, or never released. Its current price is around $0.000756, down 99.5% from its all-time high of $0.16. That’s not a correction. That’s a collapse.

Unlike Bitcoin or Ethereum, MATE has no mining, no staking, no consensus mechanism worth mentioning. It’s just a smart contract on Binance Smart Chain. No team, no roadmap, no whitepaper. No GitHub. No official website. No Twitter account with real followers. No Telegram group. No Reddit threads. Just a token address floating in the blockchain ether.

There’s no utility. No use case. No one builds on it. No dApps use it. No merchants accept it. It doesn’t power anything. It doesn’t solve anything. It exists because someone created it, dumped the initial supply, and walked away.

Trading MATE is a gamble with almost no chance of winning

Right now, MATE trades on Raydium DEX, mostly against SOL and BORG. On Poloniex, the order book is empty. The spread on the MATES/USDT pair is over 73%. That means if you buy at $0.00075, you’d need to sell at $0.0013 to break even-before fees. And there’s no one to sell to.

The 24-hour trading volume is $5. That’s less than the cost of a coffee in Bristol. For comparison, even the smallest legitimate altcoins trade at least $100,000 daily. MATE’s volume is so low that a single whale could move the price 20% with one trade. That’s not a market. That’s a rigged game.

Price charts look flat. The 24-hour range is $0.000726 to $0.000736. That’s a 1.4% swing. For a coin with a market cap under $2,100, that’s normal. It’s not volatile because it’s popular-it’s flat because nobody cares.

Why price predictions for MATE are meaningless

You’ll find bots and blogs claiming MATE could hit $0.002 by 2025. That’s an 164% gain. Others say $0.007. That’s 826%. But here’s the catch: none of these predictions are based on anything real.

There’s no development activity. No team updates. No new partnerships. No token burns. No exchange listings. Nothing. The predictions are pure guesswork, often pulled from outdated technical indicators or generated by AI bots trained on noise. CoinDataFlow admits its models can’t account for sudden crashes. CoinCodex contradicts itself, predicting both growth and collapse in the same report.

These aren’t forecasts. They’re wishful thinking dressed up as data. If you’re relying on them to invest, you’re not trading-you’re gambling with money you can’t afford to lose.

The red flags you can’t ignore

Here’s a quick checklist of what MATE is missing-and why that matters:

• No whitepaper - No official document explains the purpose, tech, or goals.
• No GitHub - Zero commits since August 2021. The code hasn’t changed in over four years.
• No official website - The domain is expired. WHOIS lookup shows it’s abandoned.
• No community - Zero active Reddit threads. Only 12 mentions on X in 30 days, mostly from bot accounts.
• No support - No customer service, no help desk, no contact email.
• No exchange depth - Poloniex lists it, but there are no buy or sell orders.
• No security audit - No one has verified the contract. It could be a rug pull waiting to happen.

These aren’t minor oversights. They’re signs of a project that was never meant to last. This isn’t a startup with funding issues. This is a token created for quick profit, then left to rot.

Where MATE fits in the crypto world

MATE belongs to a category called “penny tokens” - coins priced under $0.001 with market caps under $10,000. According to Messari’s Q3 2025 report, these make up about 12% of all listed cryptocurrencies. But they account for less than 0.01% of total trading volume.

Most of them die within two years. Chainalysis’ 2025 Abandoned Assets Report found that 68% of tokens with market caps under $10,000 become completely illiquid within 24 months of launch. MATE is already past that point.

Regulators are catching up too. In November 2024, the SEC took action against 17 similar “abandoned token” projects. If MATE ever tried to list on a major exchange, it would likely be flagged immediately.

Should you buy MATE?

If you’re looking for a long-term investment, the answer is no. MATE has no future. No team. No roadmap. No demand. No reason to exist.

If you’re looking for a speculative gamble, the answer is still no. The odds are stacked against you. The liquidity is near zero. The price can be manipulated by a single trade. There’s no exit strategy.

Some people buy these tokens hoping for a pump-and-dump. But pumps need buyers. And there are no buyers. Only sellers. And no one’s willing to pay more than a few cents.

The only people who benefit from MATE are the ones who sold early. Everyone else is holding a digital paperweight.

What to do instead

If you’re interested in low-cap crypto projects, look for ones with:

• Active GitHub repositories with recent commits
• A published whitepaper and clear roadmap
• A real team with LinkedIn profiles
• At least 1,000 followers on X and an active Telegram group
• Trading volume over $100,000 daily
• Listing on at least one major exchange like KuCoin, Gate.io, or Bybit

There are hundreds of legitimate small-cap projects with real teams and real use cases. You don’t need to chase ghosts.

MATE isn’t a coin you invest in. It’s a lesson. A warning. A reminder that not every token with a price tag is worth your time. Some are just noise.