Recall Foundation to Wind Down and Burn 35.86% of RECALL Supply

Recall Foundation has announced plans to wind down its protocol development and burn 358,562,442 RECALL tokens, representing 35.86% of the original supply. According to CryptoNews, the board reviewed adoption, operating costs, and growth projections before determining that further development was no longer commercially viable.

The shutdown plan rules out token purchases, redemptions, and any proportional distribution of remaining treasury assets. The Foundation's estimated $3.7 million in USDC, USDT, and fiat assets as of Oct. 30 is fully allocated to outstanding obligations and closure expenses, leaving nothing for token holders after proposed allocations.

Treasury Allocations and Token Burn

Creditors and vendors are allocated $3.45 million from the treasury, while another $200,000 is reserved for legal work, liquidation, security, engineering, insurance, and team transition. An additional $50,000 will cover potential claims and contingencies until liquidation ends.

The proposed token burn includes locked ecosystem reserves totaling 175.9 million RECALL, 79.7 million in unlocked Foundation-controlled wallets, 57.8 million in locked treasury tokens, 37 million associated with market-maker loans, 6.7 million in liquidity pools, and 1.5 million in unvested vendor and employee allocations.

Shutdown Timeline and Staking Withdrawals

The Foundation-hosted application will become read-only on Nov. 30. User-owned staked RECALL is excluded from the burn, but holders must initiate their own withdrawals through the staking contract using ETH on Base for gas. New unstaking requests made from Oct. 30 carry no 30-day cooldown.

Atlas Networks Limited, the Foundation's wholly owned subsidiary, is expected to enter voluntary liquidation under British Virgin Islands law in December 2026. The Foundation plans to begin its own Cayman Islands proceedings in January 2027, with final liquidation and the token burn estimated for the first quarter of 2027.

Key facts

• Recall Foundation will burn 358,562,442 RECALL tokens, or 35.86% of the total supply.
• The estimated $3.7 million treasury is fully allocated to creditors ($3.45 million) and closure expenses, with no payouts for holders.
• The application becomes read-only on Nov. 30, and staked tokens must be withdrawn manually.
• Subsidiary Atlas Networks Limited faces liquidation in December 2026, with Foundation liquidation expected in January 2027.