Recall Network to Launch RECALL Token on October 15
Key Points on Recall Network's Token Launch
- Token Launch: Recall Network will release its native token, RECALL, on October 15. Early supporters will receive airdrop access.
- Technology: The ERC-20 token will be generated on Coinbase's Layer 2 network, Base, and is bridgeable to other blockchains.
- AI Partnership: Supported by AI-focused partners like Eliza, Sapien, Gaia, Cookie, Olas, Morpheus, Intuition, Protocol Labs, and Lit.
RECALL's Use Case
- Token holders can crowdfund AI tools and solutions.
- Successful developers and selectors will earn RECALL tokens.
- Token holders can vote on protocol upgrades and treasury allocations.
- Aims to create an open market for incentivizing top AI developments.
Tokenomics
- Initial release of 200 million tokens (20% of total supply).
- 30% allocated for community support and ecosystem growth.
- 27% of tokens to be unlocked after the first year; remaining over 48 months.
Adoption and Expansion Plans
- Initial focus on crypto trading markets with plans to expand into related crypto markets.
- Platform has scaled to over 1.4 million users across 11 markets.
- Plans to develop an open marketplace for diverse AI skills.
