How does Bancors ETFs measure non-ERC20 coins?

in #bancor7 years ago

I understand they can hold coins on reserve, but what if this coin is not on the ethereum network, like BTC, LTC or Steem?

Will they rely on a price feed? and if so, who will provide this feed?

Original Reddit Post

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.029
BTC 57971.70
ETH 2448.51
USDT 1.00
SBD 2.34