Unlike other blockchain networks, Openverse Network introduces the capabilities of Bitcurrency and Privcurrency, resulting in the following tiered asset structure:

Bitgold (Metaphorically referred to as real estate): Bitgold is the governance token of the Openverse network, used to safeguard the network’s valuable inter-chain services. If you hold Bitgold (BTG), you can lock them temporarily through a mechanism called Staking, contributing to the security of the Openverse network. As Openverse evolves into its next-generation network, Bitgold will become the universal gas fee and governance token ensuring the security of all networks. More importantly, starting from September 2024, staking Bitgold to validator nodes will mine additional Bitgold. Validator nodes will also receive a portion of the transaction fees collected by the blockchain.

Bitcurrency (Similar to money): Bitcurrency is a category that includes over 200 global currencies such as USD, EUR, JPY, GBP, and others. Within the Openverse ecosystem, it is positioned as a “stablecoin” , similar to fiat currency. Bitcurrency is minted through collateralizing Bitgold on-chain, and anyone can participate in this minting process, using Bitcurrency as a currency in everyday transactions.

Privcurrency (Similar to corporate promissory notes): Privcurrency, also known as enterprise currency, is a cryptocurrency issued and accepted by enterprises or individuals for private use, with relatively stable value. Privcurrency is also backed by a reserve of Bitgold, with a 38.2% collateral ratio.

Bitsecurity (Similar to securities): Bitsecurity is another category, where banks, securities institutions, and enterprises can issue corresponding Bitsecurity by collateralizing Bitgold. This portion will be managed by national institutions. Bitsecurity includes stocks, bonds, and other financial securities.

General Tokens (Similar to loyalty points or tokens): General Tokens, such as familiar VRC20 tokens, have a wide range of applications and can replace any digital asset with divisible value.

NFT (Similar to digital certificates): NFTs are indivisible value assets on-chain, which can be simply understood as a digital certificate. They have wide applications in areas such as copyrights, real estate, and more.