Stable Metal STBL

According to the project, STBL is a cryptocurrency backed by metal slag. The whitepaper says the company acquired a slag deposit that has lain untouched in one place for 1,400 years and contains gold, silver, copper, platinum and palladium, and the website calls STBL a stable token backed by real metal slag. Despite that wording, STBL trades at a floating market price on TON decentralised exchanges rather than at a fixed value. The whitepaper sets out three goals: smelting 20,000 tons of slag, building a metal exchange on blockchain and bringing TON blockchain technology to the metal industry. A news report on Investing.com Indonesia relays the project's statement that DMT GmbH examined two slag heaps holding more than 20,300 tons of metallurgical waste with iron, gold, silver and copper; the roadmap marks this proof of metal content as completed in Q2 2024.

The roadmap in the whitepaper marks DeDust and Ston.fi listings as done in Q1 2024, alongside tokenomics, an MVP launch of the Stable Metal platform, whitepaper version 1.0 and team building. GeckoTerminal lists pools pairing STBL with the native coin of the TON network on both Ston.fi and DeDust for this contract. For Q2 2024 the roadmap marks as done a Coinstore listing, a listing of STBL in Telegram through STON.fi and STBL in the Telegram @wallet, and says development of a Telegram bot was started. A MEXC listing from the same quarter is marked as not done. These entries are the project's own account.

According to the whitepaper, users buy packages in rounds; when a package's working period ends they receive an NFT, and the longer the period, the rarer the NFT. After three rounds, a holder who has collected all four NFTs of one metal can exchange them for an ingot of that metal at a company office, after which the NFT is burned. The website shows four staking plans, all marked sold out, starting from 5,000 STBL, with higher tiers at 25,000, 50,000 and 89,000 STBL. The roadmap marks the NFT SLAG collection as launched in Q2 2024, and says development of an NFT marketplace and a second collection started in Q3 2024. Ton App lists Stable Metal in its Staking section as an RWA investment platform.

The roadmap in the whitepaper marks several industrial steps as completed: recycling 1,000 tons of slag in Q4 2024 and smelting 70 tons of copper in 2025. Remelting 100 tons of iron in a blast furnace and smelting 5 tons of gold remain on it as open goals. These results are the project's own account. On the regulatory side, the roadmap lists obtaining a license from a Swiss bank as done in Q3 2024 and says a proof of reserve was sent to regulators and exchanges in Q2 2024. The website shows a Financial and digital licenses section with documents titled Money Services Business Information Record and Certificate of Joint Venture Partnership.

A press release distributed through GlobeNewswire on 15 October 2024, datelined Dubai, United Arab Emirates, names Semion Bozbei, CEO, as the company contact. The release announced tokenized metals AuS, CuS and FeS, scheduled for early 2025. The same release said the team was in discussions with MEXC, BitMart and Bitvavo about listing STBL, with acquiring the necessary funds as the final step, and that STBL lacked EVM compatibility, with bridge solutions in development. The roadmap keeps MEXC, Bitvavo and KuCoin listings marked as not done.

For Q4 2024 the roadmap in the whitepaper marks as done 10 events on the Academy platform, the start of development of a second version of the metal exchange as a dapp and whitepaper version 3.0; adding a fiat merchant remains open. For 2025 it marks as done the deployment of a decentralized trading platform, staking wallets in Metal Swap, the start of a large promotional campaign in Asia, a mobile application for trading and swapping, and the start of work on a new NFT collection. The whitepaper also describes further plans: Stable Metal for earning money on energy resources and a Resource Bank for remittances without commissions. These are the project's own statements.