Hi, I didn't see Ethereum as one of the listed token on bancor, how does the transaction work. I am newly registered. Thanks
ETH can be used to freely buy or sell tokens on the Bancor Network. It has a connector with BNT, so if you want to sell a token for ETH you can. Say Pundi X for example (NPXS), you set your amount you want to sell, and then the token you want to receive (in this example ETH, but it can be any on the Network). Then you submit the transaction. What you end up with is selling the amount of NPXS and receiving a corresponding amount of ETH.
But behind the scenes what happens is your token is converted into BNT (NPXS>BNT), and then that BNT is converted into ETH (BNT>ETH).