PANews reported on June 17 that AltLayer stated on the X platform that due to the increased demand for ERC20 ALT tokens on the Binance platform, the liquidity of the exchange's ERC20 ALT has become extremely low, and the project party will assist the exchange in the on-chain replacement of BEP20 ALT and ERC20 ALT. The specific operation includes: extracting 200 million BEP20 ALT from Binance and destroying it on the BNB chain, while unlocking an equal amount of ERC20 ALT on Ethereum and transferring it to the Binance control wallet. AltLayer emphasized that this operation will not affect the total circulation of tokens, all on-chain transactions can be verified, and the transaction hash will be published after completion to ensure transparency.