Ethereum ERC20 Token, Link Price | Bitcointalksearch.org

Hi there

I am creating my own Ethereum ERC20 Token for our canteen (internal). That is the easy part, we will use a wallet app like Trust to have own own token and trade on.

My question to pros here, how can i link a South African Rands (or a USD) to my ERC20 token.
Meaning:
Day1 = if ZAR to USD is R14.26 ( which mean pay R14.26 for 1 USD), then for R14.26. I need to pay R14.26 for 1 BC (my own erc20 token)

Example: if you want to R50 worth of BC (own token). He would receive based on day1 price rate = R50 / 14.26 = 3.50 BC

if price change on Day 2 = if ZAR to USD is R15.56 ( which mean pay R15.56 for 1 USD), then for R15.56. I need to pay R15.56 for 1 BC (my own erc20 token)

Example: if you want to R50 worth of BC (own token). He would receive based on day2 price rate = R50 / 14.26 = 3.21 BC

Above just an example. However can if be done. Can this be done only on Ethereum Live Network or can it work on rinkby or ropsten

Regards
Shabeersa

Topic: Ethereum ERC20 Token, Link Price (Read 101 times)