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Dont they have each hive.swap token backed by HIVE?

This means they are removing more HIVE from the open market.

If I take my HIVE, move it to HE as swap.hive and buy a HE token, the HIVE is "locked" in until I (or others) swap the token back into Hive.

Isn't that better as opposed taking Hive and selling it for BTC.

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