Recall Foundation winds down with November withdrawal deadline
The Recall Foundation announced on October 30, 2026 that it will wind down operations, stop staking rewards, and end support for $RECALL token, setting November 30 as the deadline for holders to unstake and withdraw.
The Recall Foundation announced on October 30, 2026 that it will wind down operations, stop staking rewards, and end support for $RECALL token. The notice to holders sets November 30 as the deadline to unstake and withdraw through the app. Stakes whose lockups end later can still be withdrawn through the contract.
Token holders will receive no treasury distribution. The Foundation proposes burning the tokens it controls, but gives conflicting dates: a calendar entry says Foundation tokens were burned on October 30, while the detailed burn section places execution immediately before liquidation in Q1 2027. The notice describes the wind-down plan without independently confirming a completed burn.
The board made its decision independently of Recall Labs, which the notice describes as a separate corporate entity. The shutdown covers the Foundation and its wholly owned subsidiary, Atlas Networks Limited. The announcement does not say that Recall Labs is winding down.
Stakers must initiate withdrawals
Staked RECALL belongs to users and is not part of the burn. Nothing is automatically unstaked. Holders must initiate both the unstake and the withdrawal. The route depends on when their original lockup expires.
Staked RECALL belongs to you and is not part of the burn.
The Foundation has reduced the unstaking cooldown from 30 days to zero for requests made from October 30 onward. Existing requests retain their original withdrawal date. The original stake lockup also stays in place: holders must wait for it to end before unstaking.
App.recall.network will become read only on November 30. The notice says access to Foundation-hosted applications will cease after 30 days. Its FAQ directs holders to unstake and withdraw in the app by November 30, and to use the contract if their lockup ends later.
Proposed token burn
The Foundation estimates its proposed burn at 358,562,442 RECALL, or 35.86% of total supply. It says this would leave an estimated 641,437,558 RECALL, with none held by the Foundation. These supply figures are the issuer's estimates and have not been independently verified.
The largest components are locked ecosystem reserves of 175.9M RECALL and locked Foundation treasury tokens of 57.8M RECALL. Foundation-controlled wallets outside those locked allocations account for another 79.7M RECALL. The proposal includes locked tokens under Foundation control, while excluding individual users' staked tokens.
Creditors receive funds, holders none
The Foundation reports approximately $3,700,000 in $USDC, $USDT and fiat assets as of October 30, with $3,450,000 allocated to creditors and vendors, $200,000 to wind-down costs and $50,000 reserved for claims and contingencies until liquidation ends.
There is no buyback, redemption mechanism, or pro-rata distribution of treasury assets to token holders.
Atlas Networks Limited is expected to enter voluntary liquidation under British Virgin Islands law in December 2026. The Foundation expects to enter voluntary liquidation under Cayman Islands law in January 2027, with final completion estimated for Q1 2027.
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