Recall Foundation plans 35.86% token burn with no holder payouts

Recall Foundation has announced plans to wind down and burn 358.6 million RECALL tokens, with no treasury payouts or buybacks for holders. Summary Recall plans to burn 35.86% of RECALL’s supply, including locked treasury and ecosystem reserves. Creditors and vendors are allocated $3.45 million from the Foundation’s estimated $3.7 million treasury. Staked tokens remain outside the burn, but holders must initiate their own withdrawals. The app becomes read-only on Nov. 30, with later withdrawals available through the staking contract. Recall Foundation said in its Oct. 30 announcement that its board had reviewed adoption, operating costs, and growth projections before deciding further protocol development was no longer commercially viable. After considering strategic alternatives, the board chose an orderly shutdown. The decision was not caused by a hack or security incident, according to the notice. The Foundation will stop software development, administrative assistance, and liquidity support. Exchanges will independently decide whether RECALL remains available for trading, and the Foundation said it expects delistings. RECALL holders will receive no treasury distribution The shutd...