The Recall Foundation is shutting down and plans to burn 35.86% of $RECALL supply. Finally, a burn with a clear formula: everything the Foundation owns.
Follow the Value: 358.6M RECALL headed to the dead address. Treasury, ecosystem reserves, unlocked wallets, market-maker loans. All of it.
About $3.7M in stables and fiat left. $3.45M to creditors and vendors. $200K to lawyers and liquidators. $50K for contingencies. Estimated remaining balance: $0.
Holders get the burn. Creditors get the cash.
Value did reach someone. It just wasn't the token.
To be fair, they did it straight. No hack, no "migration," no new token. Unstaking cooldown cut to zero, so you can leave faster than you arrived.
Still, "deflationary" hits different when the issuer is the one leaving.
If a treasury can pay every vendor in full and holders exactly nothing, was the token ever a claim on anything?