What is PrivCurrency (Private - domain Currency) - VRC11

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In the book "Denationalization of Money", published by Mr. Hayek in 1976, which won the Nobel Prize, the free - currency theory of enterprises issuing currency was put forward.
Based on this assumption and the technological progress of blockchain, OPENVERSE has proposed a new type of privcurrency, with the standard of VRC11.
Privcurrency, also known as enterprise currency, is a cryptocurrency independently issued and accepted by enterprises or individuals, used by private - domain users, and with relatively stable prices. Essentially, it is a currency - security.
Enterprises can mortgage Bitgold as reserve funds and issue privcurrency for their own ecosystems, with a reserve ratio of 38.2%. This mechanism ensures the relatively stable price of privcurrency.
The privcurrency issued by many multinational companies can be used for settlement among their upstream and downstream supply - chain enterprises. This not only improves the efficiency of capital use but also gives enterprises the opportunity to become relatively independent economic entities, thus obtaining higher profits.

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