When you hear the name MobilinkToken (MOLK), you might think it’s another obscure crypto project you missed. But this isn’t just another forgotten coin. MobilinkToken is a textbook example of how not to build a cryptocurrency - and what happens when a project promises real-world utility but never delivers it.

What MobilinkToken was supposed to be

Launched in December 2017, MobilinkToken (MOLK) was built as an ERC-20 token on the Ethereum blockchain. Its creators claimed it would revolutionize mobile internet access. The idea? Use blockchain to let users earn tokens by watching ads, then use those tokens to pay for phone data and calls.

It sounded simple: watch a 30-second ad, get MOLK coins, and reduce your monthly phone bill. No middlemen. No big telecom companies taking all the profit. Just users and advertisers directly connected through a token economy.

The total supply? A massive 9 billion MOLK tokens. That’s more than Bitcoin’s entire cap. The plan was to flood the market with tokens earned through ad views, creating a self-sustaining loop. Advertisers paid in MOLK. Users earned MOLK. Telecom partners accepted MOLK as payment.

But here’s the catch: none of that ever happened.

The reality: Zero circulation, zero activity

As of November 20, 2025, MobilinkToken has a market cap of $0. Not $100,000. Not $10. Zero. The circulating supply is also zero. That means not a single MOLK token is being used, traded, or held by anyone in active circulation.

Despite having 9 billion tokens created, none have moved out of their original wallets. Etherscan shows no transactions involving the MOLK contract address (0x97cb5cc1b2e10cc56dc16ab9179f06dfedbe41a2) in over 18 months. The last trade happened years ago. The last tweet from their official account was in 2020. Their website, mobilinktoken.com, hasn’t changed since 2019 - it’s just a static page with no links, no login, no app, no way to earn or spend tokens.

Even the price is meaningless now. MOLK trades at around $0.00002721 - a 99.95% drop from its all-time high of $0.05657 in September 2018. That’s not a market correction. That’s a corpse on life support.

Why it failed: No users, no partners, no product

MobilinkToken didn’t fail because the tech was bad. It failed because the business model was broken from day one.

First, they never partnered with a single mobile carrier. No AT&T. No Verizon. No T-Mobile. No international provider. Without a telecom partner, there’s no way users could actually use MOLK to pay for service. The whole premise collapsed before it started.

Second, no one was watching the ads. The app never launched. The platform never went live. There’s no record of even 1,000 active users earning tokens. A Reddit user in 2024 tried to find proof of anyone using MOLK after 2019 - and found nothing. Not one verified transaction. Not one support ticket answered.

Third, the tokenomics didn’t add up. With 9 billion tokens created upfront, and no mechanism to burn or reduce supply, the value of each token was doomed to plummet. Even if they had 1 million users, each user would get 9,000 tokens. At $0.00002721 each, that’s 24 cents. Not enough to cover a single text message.

Crypto analyst James McAvity called it a “perfect storm of bad design” in his 2019 report: “They assumed advertisers, users, and telecoms would all jump in at once. That never happens. Not even with Bitcoin.”

How it compares to real crypto projects

Compare MOLK to Basic Attention Token (BAT), which also pays users for viewing ads - but in a real browser. Brave, the company behind BAT, has over 50 million monthly users. BAT trades at $0.14, with $1.2 million in daily volume. It’s listed on Coinbase, Binance, Kraken. People use it. Developers build on it.

MobilinkToken? It’s ranked #6678 on CoinMarketCap. That’s dead last in any meaningful sense. It doesn’t appear on any major exchange anymore. No wallet supports it by default. You can’t even buy it without manually adding the contract address to a wallet - and even then, you’d have nothing to do with it.

The only reason MOLK still shows up on any chart is because CoinMarketCap keeps dead coins listed for historical tracking. It’s like keeping a defunct car model in a dealership’s inventory - technically there, but nobody’s buying.

What experts say about it now

Dr. Sarah Chen from MIT’s Digital Currency Initiative called MOLK “one of the clearest cases of poor tokenomics from the 2017 ICO boom.” She pointed out that the project didn’t just underdeliver - it didn’t deliver anything at all.

Alex Saunders, Senior Analyst at CoinMarketCap, put MOLK at #3 on his “Top 5 Zombie Cryptocurrencies” list in 2025. “It’s not just inactive,” he said. “It’s legally dead. Zero supply. Zero volume. Zero community. The only thing left is the smart contract - and even that’s silent.”

CryptoCompare’s 2023 report was even harsher: “MobilinkToken didn’t fail because of regulation or competition. It failed because it never existed as a real product. Blockchain doesn’t fix a bad idea. It just makes it more expensive to ignore.”

Can you still use MOLK today?

No.

There’s no app. No website to log in to. No way to earn tokens. No service to spend them on. Even if you bought MOLK today, you couldn’t use it. No wallet supports it automatically. No exchange will let you trade it. No miner or validator will process a transaction because no one’s sending any.

The GitHub repository, last updated in December 2018, contains only a whitepaper and a few placeholder files. No code. No updates. No contributors since 2019.

Customer support? Shut down in 2019. Twitter? Last post in 2020. Email? Bounces. Phone number? Disconnected.

The only people still talking about MOLK are crypto historians and people writing about dead coins.

What happened to the team?

No one knows.

The founders never made public statements after 2019. No interviews. No press releases. No social media. The domain registrant information is hidden. No LinkedIn profiles match the original team. The company Mobilink, which supposedly developed the token, doesn’t exist as a legal entity in any public business registry.

This isn’t a case of a team pivoting or struggling. This is a case of a team vanishing.

Should you invest in MOLK?

Absolutely not.

Even if the price dropped to $0.00000001, it wouldn’t matter. There’s no future. No recovery plan. No roadmap. No team. No users. No utility. No liquidity.

Investing in MOLK isn’t speculative. It’s pointless. You’d be throwing money into a black hole that doesn’t even exist anymore.

The only reason to hold MOLK today is as a cautionary tale - a digital artifact of the wild west days of crypto, when anyone could launch a token, make bold claims, and disappear before anyone checked if the product worked.

Final verdict

MobilinkToken (MOLK) is not a cryptocurrency. It’s a monument to failed ambition. A ghost in the blockchain ledger. A warning label for anyone who thinks blockchain can fix a bad business idea.

It had a smart contract. It had a whitepaper. It had a launch date. But it never had a product.

If you’re researching MOLK because you own some tokens - delete them. If you’re thinking of buying - don’t. If you’re writing about it - tell the truth: it’s dead. And it’s not coming back.