Sorry for the mix-up—thanks for clarifying. swap.BTC on Hive-Engine is a Hive-native token that mirrors Bitcoin's price via oracles, used for DeFi on Hive (e.g., liquidity pools, trading).
Buying swap.BTC on Hive-Engine
- Use Hive-Engine DEX (e.g., via TribalDex.io or Simulatore).
- Connect your Hive wallet (e.g., PeakD or Hive.Keychain).
- Trade HIVE/SWAP for swap.BTC in the SWAP.BTC pair—prices track BTC in real-time.
Withdrawing to Bitcoin Wallet
No direct withdrawal—swap.BTC is Hive-Engine only. To get native BTC: Swap swap.BTC for HIVE on Hive-Engine, then use a bridge/exchange (like LeoDex for HIVE to BTC via THORChain) to send to your BTC wallet.
For top results on Hive-Engine vs. THORChain: LeoDex has ~0.6% fees for BTC swaps (native/wrapped), while Hive-Engine is cheaper (~0.1-0.5%) but limited to Hive ecosystem. No direct swap.BTC on THORChain; it's better for cross-chain native BTC.
On Hive Engine? Lots of swap options (Aug 2021).
@askrafiki swa.btc has a bridge overwhich bitcoin is swaped for swap.btc and when you swap back the swap.btc goes back to the bridge where it is swapped back for your btc and the btc goes to your btc wallet and the swap.btc is burned. Please correct your post
Real Estate Multiple Member LLC
Here is a detailed breakdown of the legal, financial, and administrative steps for using an MMLLC for fractional real estate ownership:🏛️ Phase 1: Legal & Structural Setup (The Core)The entire success of this model hinges on the Operating Agreement (OA) of the Multi-Member LLC.1. The Legal Entity (SPV)Formation: File the Articles of Organization with your state's Secretary of State to create the Multi-Member LLC (the "Company").Property Title: The LLC must be the sole legal owner of the property. The deed/title must be transferred to the name of the LLC.Purpose: The LLC's sole purpose is defined as acquiring, owning, managing, and distributing income/proceeds from the specific property.2. The Operating Agreement (OA) - The Substitute for the TokenThe OA defines the "shares" and how they are handled, replacing the blockchain token.OA ProvisionReal Estate FunctionImportanceMembership Units/InterestsSpecifies the total number of fractional units (e.g., 100 or 1,000,000 units) that represent 100% of the LLC.This is the basis for proportional ownership.Capital ContributionsLists the initial cash or property contribution of each member in exchange for their units.Establishes the initial equity and ownership percentage.Admission of New MembersCrucial: Defines the process for how your new investors are added to the LLC in exchange for their funds.Ensures you remain compliant and only accept funds as defined in your offering.Profit/Loss AllocationOutlines how rental income (or sale proceeds) are divided among members, typically proportional to their units.This dictates the financial return for investors.Management StructureDefines if it's Member-Managed (all owners vote) or Manager-Managed (you, as the founder, manage daily operations).Recommended: Manager-Managed to ensure quick decision-making.Transfer RestrictionsExplicitly prohibits or restricts members from selling/transferring their units without the Manager's/LLC's approval.Critical for maintaining a private offering and avoiding public securities registration.Buy/Sell (Exit) ProvisionsDefines what happens if a member wants to leave or if the entire property is sold (e.g., right of first refusal, valuation method).Prevents a member from holding the entire LLC hostage.💰 Phase 2: Funding & Financial Administration1. Offering the Interest (Securities Compliance)Even without a token, selling an interest in the MMLLC to passive investors is almost certainly a sale of a security (in the US, it's a partnership interest).Private Offering: You must structure the sale to qualify for a securities exemption (e.g., Reg D Rule 506(b) for accredited investors or 506(c) for general solicitation).Legal Documents: Each investor must sign:Subscription Agreement: The contract for buying the LLC units.Private Placement Memorandum (PPM): The disclosure document detailing risks, financials, and the management team.The LLC Operating Agreement (as a governing document).2. Financial ManagementBank Accounts: Open a dedicated bank account for the LLC. NEVER commingle personal and LLC funds.Investor Payments: Investors send funds (e.g., cash, check, wire transfer, or even $BTC) directly to the LLC's bank account.Note: If you accept $BTC, you immediately sell it and deposit USD into the LLC account, or track the BTC value at the moment of contribution for tax basis purposes.Distributions: Net rental income is paid out from the LLC bank account to the investors' bank accounts (or other specified payment method) according to their ownership units.📈 Phase 3: Tax and Ongoing AdministrationTax Classification (Default): The MMLLC is typically taxed by default as a Partnership.Pass-Through Taxation: The LLC itself does not pay federal income tax. Profits/Losses pass through to the members.K-1 Reporting (Crucial): Each year, the LLC must file a Form 1065 (Partnership Return) with the IRS. Based on this, the LLC generates a Schedule K-1 for every single investor, detailing their share of the income, deductions, and credits.Investors use this K-1 to report their income/loss on their personal tax returns.Active vs. Passive Status: This dictates whether investors can deduct losses against their other income.Most passive investors (those who don't materially participate in management) will have their investment classified as a Passive Activity for tax purposes.Record Keeping: You must maintain a precise, private Member Register linking each investor's legal name, address, tax ID (SSN/TIN), and their ownership unit percentage.This structure provides the legal protections of an LLC, the flexibility of fractional ownership, and a clearly defined path for fundraising, all while operating entirely within established financial and legal frameworks.