Recall Announces Liquidation as Foundation Plans to Burn 35.86% of Token Supply

Recall announced it is entering liquidation after the foundation’s board decided to shut down the organization. According to Odaily, the foundation said it made the decision after assessing protocol adoption, operating costs and growth prospects, and that it was not prompted by a hack or security incident. The foundation plans to burn about 359 million RECALL tokens, approximately 35.86% of the total supply; token holders will receive no distribution, redemption or buyback. Its remaining approximately $3.7 million will be used to repay creditors and cover liquidation costs. The app.recall.network website is scheduled to become read-only starting November 30, and the liquidation is expected to be completed in the first quarter of 2027.