Closure of AI Project Recall

The Recall Foundation has announced the closure of its AI crypto project, Recall. The decision was made due to the economic inefficiency of developing the protocol amid low adoption and high costs.

Token Management

• A total of 358.6 million RECALL tokens, representing 35.86% of the total supply, will be burned.

Development and liquidity support will cease entirely. Token holders will receive no buyback or compensation. The asset is expected to be delisted from cryptocurrency exchanges.

Financial Aspects

1. The remaining $3.7 million will be used to pay off debts and cover liquidation expenses.
2. The full liquidation process is scheduled to be completed by the first quarter of 2027.

The project attracted significant investment from leading funds, including Coinbase Ventures, Multicoin Capital, and Animoca Brands. Total funding raised amounted to approximately $42 million.