Is an erc20 token which is deployed on a private Ethereum blockchain of any value and is it possible? would it be smarter to deploy on another platform like fabric for permissioned/private blockchains?
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1 Answer
Sure you can deploy it in your own network. Then it exists only within that network.
Tokens don't typically have value attached to them - value is only what the market thinks the value should be. And the token needs to be tradeable in some exchange to have value in relation to another asset (such as Ether or fiat).
It's rather difficult to say what would the the smartest thing for you to do - depends on your use cases.
answered Mar 26, 2018 at 11:44
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Does exchanges accept tokens that are deployed on private versions of Ethereum?– NowsyMeCommented Mar 26, 2018 at 11:45
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No as the exchanges don't have access to such tokens (as they have no access to the blockchain). Only public tokens. Commented Mar 26, 2018 at 11:46