Mukesh Ambani’s Reliance Industries entered the blockchain and cryptocurrency market a few months ago with its own digital currency, Jio Coin. While Jio Coin has yet to be officially launched, it appears to have already made waves in India’s crypto market. Despite the lack of official availability, many are trying their luck in this emerging blockchain space. However, details about its features and uses remain undisclosed to the public.
From what’s known so far, JioCoin seems to function more like a digital reward system or loyalty points rather than a fully decentralized, blockchain-powered currency like Bitcoin or Ethereum. While details remain scarce, it’s clear that Jio is taking a different approach to digital currency, keeping everyone curious about what’s next.
Also Read: What is the price of a Jio Coin? How can you earn $0.50? – Mukesh Ambani’s Big Plan
Price Of Jio Coin
According to Wallet Investor, the value of 1 JIO Token in the first week of March is approximately ₹21.99, meaning 100 JIO Tokens would be worth around ₹2,199.53. At the time of Jio coin’s introduction it was at $0.50 USD which amounted to approximately ₹43.67 INR. Jio Coin’s value was expected to rise as it integrates with Jio’s larger ecosystem, including JioMart, Reliance petrol stations, and other key brands. Unfortunately, it didn’t happen. The digital currency currently has a market capitalization of ₹38.63 million, with a circulating supply of 1,908,130 tokens. However, the platform has not provided details on its 24-hour trading volume or any percentage changes in value during this period.
Mukesh Ambani’s Cryptocurrency Step
Mukesh Ambani envisions JioCoin as a way to bring blockchain technology to the masses. With Jio’s massive user base of over 450 million, this move could be a game-changer, potentially driving wider adoption of Web3 in India. If successful, Jio’s entry into blockchain might make decentralized technology more mainstream and accessible than ever before.
What Are Jio Coins
JioCoins are digital tokens that will be powered by the Polygon blockchain and offered to users for browsing the internet through Jiosphere, a web browser owned by Jio Platforms. By using various mobile and internet-based apps on the Jio Platforms browser, users can earn JioCoins, simply by signing in with their Indian mobile numbers. It’s a way to reward users for their online activities within Jio’s ecosystem.
Users can accumulate JioCoins simply by signing in with their Indian mobile numbers and browsing the internet or using various mobile and internet-based apps within the Jio ecosystem. This initiative aims to reward users for their online engagement while enhancing Jio’s digital ecosystem.
How to Earn and Use Jio Coins
- Step 1: Download and set up the JioSphere browser
Step 2: Register using your Jio mobile number
Step 3: Open your JioCoin Wallet
Step 4: Sign in and start earning rewards
To accumulate JioCoins, simply browse the internet using the JioSphere web browser on your Android, iPhone, Windows PC, or MacBook. Users can also earn JioCoins by engaging with Jio apps such as JioMart, JioCinema, and MyJio.According to various media reports, these digital tokens can be redeemed for multiple purposes, including mobile recharges, shopping discounts, and more.
