Decentralized AI Marketplace Recall Announces Token Generation Event

Decentralized AI skill market Recall Network announced on Wednesday that it will debut its native token, RECALL, on Oct. 15, with select early supporters receiving airdrop access.

The ERC-20 token will be generated on Coinbase's Layer 2 network Base and can be bridged to other blockchain networks, Recall said in a press release shared exclusively with CoinDesk.

This release is supported by a coalition of leading AI-focused partners, including Eliza, Sapien, Gaia, Cookie, Olas, Morpheus, Intuition, Protocol Labs, and Lit, all sharing a vision of accelerating global progress through decentralized AI ecosystems.

RECALL's use case

Token holders will utilize RECALL to crowdfund AI tools and solutions tailored to their specific needs. Developers creating successful AI agents and models, as well as individuals who help select the best ones, will earn RECALL tokens.

This will ensure that only the best AI products get rewarded and top the platform's leaderboards. Token holders can also vote on protocol upgrades and treasury allocations.

By enabling token holders to fund, rank, and reward AI tools tailored to their specific needs, Recall is shifting AI development away from closed, centralized systems toward an open market where the best AI gets incentivized.

"Skill markets accelerate the development of quality AI towards the diverse needs of humanity by giving people the power to crowdfund AI tools for the use cases they need and earn by ranking the best submissions,” Andrew Hill, CEO of Recall Labs, said.

“Whether you need crypto trading bots or python coding tools, for the first time, you now have a say in what AI gets built, and the incentives to ensure only the best AI gets rewarded," Hill added.

Recall, a result of the merger between Textile and Ceramic development company 3Box Labs, is a decentralized skill marketplace where AI models (or agents) can compete, showcase their specific skills, and be evaluated transparently on a blockchain. Recall launched its public testnet in March 2025.

Tokenomics

At the time of the launch, 200 million RECALL tokens will be made available for use, representing 20% of the total supply of 1 billion tokens.

Out of the total tokens, the largest portion – 30% – will be dedicated to supporting the community and growing the ecosystem. These tokens can be used to fund user rewards, platform development, grants, and strategic partnerships, thereby enhancing adoption.

An additional 27% of tokens will be unlocked after the first year, with the remaining 73% scheduled for a gradual release over the subsequent 48 months.

"We’re proud to reward early supporters and launch with a world-class list of partners who share our vision for accelerating human and AI alignment and bringing attention to AI solutions that actually work,” Michael Sena, CMO of Recall Labs, said.

When the mainnet goes live, Recall will start with markets already set up for crypto trading AI agents, enabling users to monetize their knowledge about how well these agents perform. People can join in by staking RECALL tokens through the platform’s app at app.recall.network. More markets focused on different AI skills will open soon after.

Recall's plan for mass adoption

Recall began by targeting crypto trading as its initial market and use case, leveraging its high volume, clear metrics, and relevance to the crypto community.

This focus has enabled the platform to quickly scale to over 1.4 million users, spanning 11 distinct markets, 155,000 AI solutions, and more than 9.5 million curation signals.

Building on this momentum, the AI project plans to expand into related crypto markets, introducing AI agents and models that go beyond trading. It's ultimate aim is to become an open marketplace where any AI skill with sufficient interest can be developed, funded, and curated by the community.