Jio Coin: What It Is, How To Earn Jio Crypto Coins

Jio Coin Latest Updates: Everything You Need To Know

Jio Coin Launch: A New Cryptocurrency For The Indian Public 

Jio Coin is a new cryptocurrency, that’s been launched by Reliance Jio. The launch aims at making cryptocurrency accessible to India’s general public.

Reliance Jio’s Mukesh Ambani, the richest businessman of the country, has entered into a partnership with Polygon Labs for promoting blockchain and Web3 technologies through his company. The collaboration looks forward to strengthening Jio’s digital offerings and services.

What Is Jio Coin?

Jio crypto coin is a digital currency, a blockchain-based reward token, that one can earn through interactions with Jio’s apps and services like MyJio and JioCinema. 

The Jio Crypto can also be earned through internet browsing while using the JioSphere browser. 

However, it may be noted here that the Jio tokens are stored in the users’ Polygon wallets. They cannot be currently transferred or sold in any of the markets.  

Jio Coins - How To Earn?

One cannot earn Jio coins directly. To earn these crypto coins, you will require the JioSphere browser. Here are the steps you’ll need to start earning the Jio tokens:

• First, you need to download the JioSphere browser on your Android or iOS device.

• Next, you can go forward signing up with your Jio number.

• Then you are supposed to click on the profile icon.

• Select the “Jio Coin Wallet.”

• Finally, as you are logged in, you may start earning these tokens.

Jio Crypto Coin Price

The initial Jio coin price is expected to be around $0.5, that is approximately Rs.43.30 per token. However, there’s been no official disclosure of what the price would be. With increase in usage and demand, the Jio coin price may rise.

Jio Crypto Coin Uses

There have been social media claims hinting toward the use of Jio Coins for mobile recharges, fuel payments and shopping discounts, but in future. There have not been any such official statements made by Reliance about the project. It may, hence, not be advisable to fully trust the claims.

Indian Government and Cryptocurrency

The government in India does not recognize cryptocurrency as legal tender. The earnings made from cryptocurrency are even subject to 30% tax with 1% TDS (Tax Deducted at Source). Nirmala Sitheraman, Finance Minister, has cleared the government’s strict stance on cryptocurrency.