AltLayer: will assist Binance in conducting 200 million ALT cross chain swaps to balance liquidity, while keeping the total token flow unchanged

AltLayer stated on the X platform that due to the increased demand for ERC20 ALT tokens on the Binance platform, the liquidity of ERC20 ALT on the exchange has become extremely low. The project team will assist the exchange in conducting on chain swaps between BEP20 ALT and ERC20 ALT. The specific operation includes: extracting 200 million BEP20 ALT from Binance and destroying them on the BNB chain, while unlocking an equal amount of ERC20 ALT on Ethereum and transferring it to Binance controlled wallet. AltLayer emphasizes that this operation will not affect the total token flow, and all on chain transactions are verifiable. After completion, the transaction hash will be published to ensure transparency.