Reliance Industries, led by billionaire Mukesh Ambani, is silent on its newly introduced Jio Coin, from quite a long time now. Moreover, this created the speculations and anticipations in the business community. Besides, the company is yet to come up with coin’s specific features and uses, despite it being the country’s homegrown digital currency.
It all started after the Reliance’s tech subsidiary, Jio Platforms, partnered with Polygon Labs to bring Web3 technology to India. Reliance’s FAQ section said, “JioCoins are blockchain-based reward tokens that users can earn by engaging with different mobile or internet-based apps as decided by Jio Platforms Limited (JPL) using their Indian-based mobile numbers.”
The question is that how JioCoin is different from traditional cryptocurrencies. JioCoin share some similarities with cryptocurrencies. However, it does not fit in the traditional definition of cryptocurrencies. Traditional cryptocurrencies like Bitcoin and other decentralized tokens operate on open blockchain networks as investment assets. Whereas, Reliance Jio Coin serves as a customer retention tool.
Latest Price And Market Capitalization
“Wallet Investor” stated that as of April 15, 2025, the price of a single Jio token is Rs 21.459023. Furthermore, the market capitalization of JioCoin is Rs 37,694,007, with an available token supply of 1,908,130. However, the website didn’t specify its 24- hour trading volume and the percentage change over the last 24 hours.
How To Earn And Uses
- In step 1, individuals need to download and install JioSphere browser.
The second step would be to sign up with your Jio number.
Individuals will now get the access to Jio Coin wallet.
The last step would be to log in and start earning.
Individuals can also earn JioCoins by simply using the JioSphere web browser on their device. Additionally, this can be done on an Android phone, iPhone, Windows PC, or MacBook. Individuals can also earn Jio coins through Jio apps like JioSphere, Jio Mart, Jio Cinema, and My Jio.
Media reports suggest that the Jio Coins can be used for various purposes. These purposes include mobile recharges, shopping discounts, and more.
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