Recall Foundation to burn 35.86% of RECALL supply in wind-down with no holder payouts

Recall Foundation announced it will wind down operations and burn 358.6 million RECALL tokens, equal to 35.86% of supply. Holders will receive no treasury payouts or buybacks, with the board citing a review of adoption, operating costs and growth. The burn removes supply but the absence of any holder compensation signals the project is shutting down, a negative outcome for RECALL holders.