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. 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.

Source: crypto.news