As a follow-up to today's PSA announcement, the swap process for Binance is now complete.

A gentle reminder that the Binance team had requested us to help them swap 400M BEP20 ALT for an equivalent ERC20 ALT. The swap process involved Binance withdrawing BEP20 tokens from the exchange; these tokens were burnt on the BNB Chain and then an equivalent number of ERC20 tokens were unlocked on Ethereum. The unlocked ERC20 tokens were deposited back to a Binance-controlled wallet. The total ALT token in circulation therefore remained unchanged.

The entire swap process can be verified on-chain and for transparency to the community here are the transaction links for independent verification:

Test Swap:

Withdrawal of 1,000 BEP20 ALT by Binance on the BNB Chain ➡️
https://bscscan.com/tx/0x363f2c5ba93ae5f5950ec702ed994ef9a81c5dca5dd93c94b757954b260fb5c5
Burning of 1,000 BEP20 ALT facilitated by the AltLayer team on the BNB Chain ➡️
https://bscscan.com/tx/0xada8eab2cdf0231ddc7f032d98f9a7c28eef7dbb3f51f314750c6bfe0ac940c3
Unlocking of 1,000 ERC20 ALT on Ethereum that gets sent to a Binance-controlled wallet ➡️
https://etherscan.io/tx/0x2ebc008e5c4fb4bb4a495e99e13dc39a9aee91ed8b03cdec3a78b146ab3f3389

Main Swap:

Withdrawal of 399,999,000 BEP20 ALT by Binance on the BNB Chain ➡️
https://bscscan.com/tx/0x9ee0ce9face38dfea74cb8ff821db3d539f878f7e3a4388ab582ca29de99d95d
Burning of 399,999,000 BEP20 ALT facilitated by the AltLayer team on the BNB Chain ➡️
https://bscscan.com/tx/0xf0d818f4a1cd79436b0f0a157d3e1a24b0f73db345fcca4fe1cd95e89622b507
Unlocking of 399,999,000 on Ethereum that gets sent to a Binance-controlled wallet ➡️
https://etherscan.io/tx/0x5e923491159f584948c263b6e3d18086612aa707c95b9cd5e127260476e8a1b0

Thank you again for your understanding.