MobileCoin
MOB
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MobileCoin (MOB) is an effectively abandoned privacy-focused payments project that has experienced severe commercial and structural collapse. Data gaps were recorded in Active Development and Community Support (-1.0), where measurable activity has completely ceased, leaving an inactive repository and an empty holder base. Evaluating the remaining dimensions: Tokenomics (1.0/10) reflects a 100% pre-mined 250M supply controlled entirely by MobileCoin Inc. with zero ongoing value accrual or decentralized mechanisms; Market and Use Case (1.5/10) documents a >99.9% price collapse from its peak alongside illiquid trading; Team and Governance (2.5/10) notes historically strong credentials now nullified by zero active governance and project abandonment; and Security and Audit History (3.0/10) notes historically sound audits from Trail of Bits offset by an absence of ongoing maintainers, unpatched dependencies, and major liquidity collapse following hostile exchange delistings, including Binance in April 2024. The project is defunct and carries extreme risk.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About MobileCoin (MOB)
MobileCoin (MOB) is an abandoned privacy-focused cryptocurrency and dedicated payments blockchain originally developed to enable confidential mobile transactions. Governed and managed by MobileCoin Inc., the network was designed for integration with messaging platforms, notably the Signal messaging application, utilizing proprietary Fog technology. The network operates with a fixed, fully pre-mined total supply of 250,000,000 MOB tokens without ongoing emissions, inflation, or staking rewards, and token holders possess no on-chain governance rights.
The project was historically led by founding CEO Joshua Goldbard, CEO Sara Drakeley, and CTO Henry Holtzman, and raised $66 million in August 2021. Between 2020 and 2022, the protocol underwent multiple security evaluations conducted by Trail of Bits covering its consensus and Fog systems. However, these audits represent point-in-time assessments, leaving issues such as an undetermined finding regarding vulnerable dependencies unaddressed in the absence of active maintenance.
MobileCoin has experienced severe commercial collapse, marked by the effective cessation of development after its June 2024 v6.0.2 release and an inactive on-chain user base. In April 2024, the token faced major exchange delistings from platforms including Binance and Tokocrypto, causing a significant loss of liquidity. The asset has suffered a market drawdown of approximately 99.9% from its all-time high of $72.67 to roughly $0.083, with remaining trading activity functionally illiquid across minor exchanges.