Two reasons. First, Steem is not a smart contract platform to start with. BTS is thinly traded. The money is in Ethereum right now, and ETH holders want to diversify, so ERC20 auction makes sense.
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Two reasons. First, Steem is not a smart contract platform to start with. BTS is thinly traded. The money is in Ethereum right now, and ETH holders want to diversify, so ERC20 auction makes sense.