Coin World reported on June 17 that AltLayer announced on platform X that due to increased demand for ERC20 ALT tokens on Binance, the liquidity for ERC20 ALT on the exchange has become extremely low. The project team will assist the exchange in the on-chain swap of BEP20 ALT and ERC20 ALT. Specific operations include: withdrawing 200 million BEP20 ALT from Binance and burning them on the BNB chain, while simultaneously unlocking an equal amount of ERC20 ALT on Ethereum to transfer to a wallet controlled by Binance. AltLayer emphasized that this operation will not affect the total circulation of tokens, all on-chain transactions are verifiable, and the transaction hash will be announced after completion to ensure transparency.