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Max swap.steem, swap.hive, swap.btc are pegged tokens on hive-engine.
These are the hive-engine versions of the following steem-engine tokens: steemp, hivep, btcp.
The hive/steem-engine team runs these pegged tokens, and take 1% to convert between them.
RE: Market notes: SWAP.HIVE still scarce, volumes are low