Recall Foundation Shuts Down 12 Months After Launch 🚨📉
Decentralized AI evaluation network Recall is shutting down its operations. Backed by around $40M to $42M in venture funding from top firms, the board confirmed low adoption made running costs impossible to sustain.
Here is where the remaining assets are going:
💵 The Foundation holds $3.7M in cash and stablecoins, with $0 going to token holders.
🏦 $3.45M pays off business creditors and vendors, while $200K covers legal shutdown costs.
🔥 358.56M $RECALL tokens (35.86% of total supply) are being permanently burned.
Key notes for holders ⚠️
🔹 Staked $RECALL is exempt from the burn; unstaking cooldowns are removed, but withdrawals must be done before the app closes on 30 November 2026.
🔸 Exchanges like Bithumb flagged trading cautions, and delistings are expected.
🔹 There is no refund, token swap, or airdrop.
Have you ever engaged with Recall? 👇
#Recall #AI #Crypto #Base #Delisting
Decentralized AI evaluation network Recall is shutting down its operations. Backed by around $40M to $42M in venture funding from top firms, the board confirmed low adoption made running costs impossible to sustain.
Here is where the remaining assets are going:
💵 The Foundation holds $3.7M in cash and stablecoins, with $0 going to token holders.
🏦 $3.45M pays off business creditors and vendors, while $200K covers legal shutdown costs.
🔥 358.56M $RECALL tokens (35.86% of total supply) are being permanently burned.
Key notes for holders ⚠️
🔹 Staked $RECALL is exempt from the burn; unstaking cooldowns are removed, but withdrawals must be done before the app closes on 30 November 2026.
🔸 Exchanges like Bithumb flagged trading cautions, and delistings are expected.
🔹 There is no refund, token swap, or airdrop.
Have you ever engaged with Recall? 👇
#Recall #AI #Crypto #Base #Delisting
