What is Mate (MATE) crypto coin? The truth about a nearly dead token
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Important: MATE has a 73.08% trading spread on Poloniex. This means if you buy at $0.0007 and sell at $0.0012, you'll lose half your money just from the spread. With trading volume under $10, any purchase or sale will dramatically move the price.
Mate (MATE) is a cryptocurrency token that launched on August 15, 2021, on the Binance Smart Chain. At first glance, it looks like just another low-price coin you can buy for pennies. But if you dig deeper, you’ll find a project with almost no activity, no community, and no future. As of November 10, 2025, MATE trades at $0.000756 with a market cap of just $2,038.85. That’s less than the cost of a cup of coffee in most places. It’s ranked #3594 on CoinMarketCap - meaning it’s buried under thousands of other coins, many of which are also struggling.
What does MATE actually do?
Nothing. That’s the short answer.
MATE has no whitepaper. No official website. No GitHub repository. No development team that’s been seen since 2021. There’s no roadmap. No utility. No app. No smart contract use case. It doesn’t power a decentralized exchange. It doesn’t pay rewards. It doesn’t stake. It doesn’t have a governance system. It’s just a token with a name and a supply of 100 million coins - but only about 2.7 million are in circulation.
Most legitimate crypto projects explain what problem they solve. MATE doesn’t even try. It’s like buying a car with no engine, no steering wheel, and no keys - just a shiny logo on the hood.
Trading activity? Almost zero
The 24-hour trading volume for MATE is $5. That’s not a typo. Five dollars. In a market where Bitcoin moves billions daily, MATE barely registers. This level of trading activity means you can’t buy or sell without moving the price dramatically.
On Poloniex, the spread on the MATES/USDT pair is 73.08%. That means if you see a bid at $0.0007, the ask is at $0.0012. You’d lose half your money just by entering and exiting a trade. This isn’t illiquidity - it’s a trap.
Raydium is the only exchange where MATE trades with any real orders, and even there, the volume is microscopic. Most major exchanges like Binance, Coinbase, and Kraken don’t list it. You can’t even find it on most wallet apps unless you manually add the contract address - and even then, no one knows if that address is real or a scam.
No community. No support. No trust.
Look for MATE on Reddit. Nothing. Zero threads. No questions. No discussions. Not even a single post in r/CryptoCurrency or r/SatoshiStreetBets.
On Twitter/X, there are only 12 mentions in the last 30 days. Every single one comes from automated bot accounts pushing price alerts. Real people aren’t talking about it. No one is sharing memes, no one is excited, no one is warning others - because there’s nothing to say.
Trustpilot? No reviews. CoinLore? Zero user ratings. Telegram? No group. Discord? No server. If a crypto project doesn’t have a community, it’s already dead. And MATE has been dead for years.
Price history: a ghost story
MATE once hit an all-time high of $0.1600. That was in 2021, right after launch. Since then, it’s lost 99.54% of its value. Today, it’s trading 7.25% above its all-time low of $0.00004122. That means it’s barely crawling out of the dirt.
Technical indicators show a neutral RSI of 42.29 and price trading below both the 50-day and 200-day moving averages. That’s classic bearish behavior. But even the charts don’t matter here. No one is trading them. No one is watching them. The numbers are just ghosts.
Why do people still buy MATE?
Because they’re chasing the dream.
It’s cheap. You can buy millions of MATE tokens for a few dollars. That feels like a bargain. It feels like you’re getting in early. But this is the exact trap that kills most small-cap crypto investors.
There’s no fundamental reason MATE will go up. No product. No team. No adoption. No news. Just hope.
Some prediction bots say MATE could hit $0.002 by 2025. That’s a 164% gain. Sounds great - until you realize that’s still less than half a cent. And those predictions are based on nothing but random math, not real data. CoinDataFlow openly admits their forecasts can’t account for sudden crashes. And they’re right. This token could drop to $0.00001 tomorrow and no one would notice.
Is MATE a scam?
It’s not labeled as a scam. But it ticks every box for an abandoned project.
VanEck’s Cryptocurrency Sustainability Index gave MATE a Category D rating - “non-viable.” Chainalysis reports that 68% of tokens with market caps under $10,000 become completely illiquid within two years of launch. MATE is 4 years old. It’s already past the expiration date.
SEC enforcement actions in late 2024 targeted 17 similar tokens labeled as “abandoned assets.” They didn’t shut them down because they were fraudulent - they shut them down because they were dead. And dead tokens can still be used in pump-and-dump schemes. If you buy MATE, you’re not investing. You’re gambling on the last person to sell before the price vanishes.
What should you do?
If you already own MATE: Consider selling. Even if you lose money. Holding it won’t make it valuable. There’s no recovery coming. No team will wake up. No exchange will list it. The market has already voted - and it’s silent.
If you’re thinking about buying: Don’t. There’s no upside. Only risk. The price might go up a fraction of a cent - but you’ll never be able to sell it for more than you paid. Liquidity is gone. Trust is gone. The project is gone.
This isn’t a coin you invest in. It’s a warning sign.
What kind of crypto projects actually succeed?
Successful tokens have:
- A clear problem they solve
- A published whitepaper
- Active developers on GitHub
- A real community on Discord or Telegram
- Listing on at least one major exchange
- Regular updates and roadmap progress
MATE has none of these. And that’s not an accident. It’s the norm for tokens like this. Most are created to attract quick cash from unsuspecting buyers - then abandoned.
If you want to explore low-cap crypto, look for projects with at least $1 million in market cap, daily volume over $100,000, and a team you can verify. Don’t chase pennies. Chasing pennies in crypto is how people lose everything.
Mate (MATE) isn’t a crypto coin you need to understand. It’s a crypto coin you need to avoid.
Is Mate (MATE) coin worth buying?
No. Mate (MATE) has no utility, no development team, no community, and almost no trading volume. It’s a dead project with a price that can’t be trusted. Buying it is gambling, not investing. Even if the price rises slightly, you won’t be able to sell it without losing money due to extreme spreads and lack of buyers.
Can MATE coin reach $1 in the future?
No. For MATE to reach $1, its market cap would need to jump from $2,000 to over $100 billion - larger than Ethereum’s current value. That’s impossible without massive adoption, real-world use, and institutional backing - none of which exist. All price predictions for MATE are speculative fantasies with no basis in reality.
Where can I trade MATE coin?
MATE trades only on Raydium DEX (SOL/MATE pair) and has a non-functional listing on Poloniex. It’s not available on any major exchange like Binance, Coinbase, or Kraken. Trading on Raydium is risky due to extremely low liquidity and high slippage. Most wallets won’t even show it unless you manually add the contract address - and even then, the address’s legitimacy is unverified.
Is MATE built on Ethereum?
No. MATE is a BEP-20 token built on the Binance Smart Chain (BSC), not Ethereum. That means you need a wallet that supports BSC, like MetaMask or Trust Wallet, to hold it. But since there’s no official contract address published, adding it to your wallet carries security risks - you could be interacting with a fake or malicious contract.
Why is MATE’s market cap so low?
MATE’s market cap is low because almost no one holds or trades it. With only 2.7 million of its 100 million total tokens in circulation and daily trading volume under $10, it’s essentially a ghost asset. Market cap is calculated by multiplying price by circulating supply - but if no one is buying or selling, the price is meaningless. The low market cap reflects total abandonment by users and investors.
Has MATE been flagged by regulators?
As of November 2025, MATE hasn’t been directly named in any SEC enforcement action - but it fits the exact profile of the 17 tokens the SEC targeted in late 2024 for being abandoned, non-functional, and used for manipulation. Regulators are now actively monitoring tokens with zero activity and market caps under $10,000. MATE is on that list by default.
Can I stake or earn rewards with MATE?
No. There are no staking programs, yield farms, or reward systems tied to MATE. The token has no smart contract functionality beyond basic transfers. Any website or social media post claiming you can earn interest with MATE is a scam. There is no infrastructure to support it.
What happened to the MATE team?
The MATE team disappeared after launch in August 2021. There have been zero GitHub commits, no social media updates in over 18 months, and no official communication since 2022. The domain linked to the project is no longer active. This is the most common pattern for pump-and-dump tokens: launch, hype, collect funds, vanish.
Is MATE a good investment for beginners?
Absolutely not. Beginners should avoid tokens with no documentation, no community, and no trading volume. MATE is the opposite of a learning opportunity - it’s a trap designed to take your money. Start with established coins like Bitcoin or Ethereum, or even well-documented altcoins with active teams. Don’t waste time on ghost projects.
Will MATE ever recover?
No. Recovery requires development, community, and adoption - all of which are absent. MATE has been inactive for over four years. Historical data shows that 99% of tokens like this never recover. The only thing that might “recover” is the price for a few hours if someone pumps it - but then it will crash again. This isn’t a project. It’s a tombstone.
Angie Martin-Schwarze
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