In recent years, cryptocurrencies have gained immense popularity in India and around the world. From Bitcoin to Ethereum, several digital currencies have made headlines. One of the names that has sparked interest in the Indian market is Jio Coin. But what exactly is Jio Coin? Is it real? How can one buy it? Let’s learn complete and everything you need to know about jio coin.
Friends, reliance Jio has entered in the era of cryptocurrency market with blockchain technology. Jio Coin is a blockchain-based reward token built on the Polygon network.
This article tells you step-by-step how to buy Jio Coin and what its future may be.
What is Jio Coin?
Jio Coin is a upcoming or we can say rumored cryptocurrency project that is reportedly backed by Reliance Jio. the telecom arm of Reliance Industries, one of India’s largest conglomerates. The project first gained attention in 2018 when reports suggested that Reliance was planning to launch its own blockchain-based digital currency, led by Akash Ambani’s team.
Jio Coin is a special digital token that is part of Reliance’s digital ecosystem. It is not a cryptocurrency like Bitcoin and cannot be purchased from a crypto exchange. Its main purpose is to reward users. Jio has launched it for about 450 million users in partnership with Polygon Labs.
The proposed goals of Jio Coin include:
- Making a digital currency ecosystem in India.
- Using blockchain for supply chain management.
- Creating smart contracts for secure digital transactions.
- This is the result of the partnership between Jio and Polygon Labs.
- Jio coin can be earned through the JioSphere browser.
- It is stored in the Web3 wallet.
- It cannot be transferred or traded at the moment.
However, as of now, there has been no official launch or confirmation from Reliance Jio or Reliance Industries about the existence of Jio Coin in the market. No government-approved exchange lists it, and it remains a concept or unconfirmed project rather than a functional cryptocurrency.
How to Earn Jio Coin?
Friends, to earn Jio Coin through JioSphere browser, follow these below steps.
Step 1: Download JioSphere browser
- Download JioSphere browser from Play Store or App Store
- Desktop version is also available for PC or Mac
Step 2: Create an account
- Sign up with your Jio number
- Complete OTP verification
- Your Jio Coin wallet will be automatically created after sign up
Step 3: Start browsing
- Surf the internet with JioSphere browser
- Watch videos or read content
- Visit Jio partner websites
Step 4: How to earn Jio through activities
- Earn Coins from regular browsing
- Earn Coins by watching videos
- Jio-Partnered Get rewards by visiting websites
- By completing the special tasks you can earn extra coins
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How to buy Jio Coin?
If Reliance officially launches Jio Coin in the future, here is a general guide on how you can buy it safely:
- Choose a Reliable Crypto Exchange
Sign up with a trusted and registered Indian cryptocurrency exchange such as:
- WazirX
- CoinDCX
- ZebPay
- CoinSwitch
- Complete KYC Verification
Most Indian exchanges require users to complete KYC by submitting:
- PAN Card
- Aadhar Card
- Bank details
- Deposit Funds
Add INR to your wallet via UPI, bank transfer, or net banking.
- Search for Jio Coin
If Jio Coin is listed on the platform, you will be able to find it using the search bar.
- Buy the Coin
You have to enter the amount you wish to buy jio coin and confirm the order.
- Store Your Jio Coins Safely
Consider transferring your coins to a secure crypto wallet (hardware or software) for safety.
What is the value of Jio Coin
As per to media and according to the news reports, the starting price can be $0.5 (about ₹43.30). Possibility of earning more than ₹500 from 12 coins. The value of jio coin is expected to increase in the upcoming time as we guess.
Uses of Jio Coin
Jio Coin can be used for these services
- Mobile recharge
- Shopping discount
- Offers at Reliance retail stores
- JioCinema and MyJio app allow Special access
Is Jio Coin legit or a scam?
Since there is no official confirmation about the existence or development of Jio Coin, any claim to buy or sell Jio Coin should be taken with extreme caution. Many fraudulent websites use the Jio brand to trick people into investing in fake tokens.
How to stay safe:
- You have to Check for an official announcement or statements from Reliance Jio or Reliance Industries.
- Avoid sharing personal or banking details on unverified platforms.
- Use only registered crypto exchanges in India (like CoinDCX, WazirX, or CoinSwitch).
Read Also: What is Market Capitalization? How to Evaluate Market Capitalization?
Conclusion
Hope you have understood What is Jio Coin? And how to buy Jio Coin. Jio Coin is an innovative step by Reliance Jio that will connect users to the world of Web3 with rewards. It is just a reward token, not a cryptocurrency.
The easiest way to get it is to use the JioSphere browser and earn coins by browsing daily. Its value and use cases are expected to increase in the future.
Note: Reliance’s cryptocurrency idea is exciting today time, but JioCoin is still an unannounced project. No official coin has been released or listed for public trading. Therefore, any investment opportunity claiming to offer Jio Coin should be viewed with skepticism.
We advise crypto enthusiasts to keep an eye on credible news sources and official statements from Reliance before making any decisions. Till then keep getting information about it, and be wise while investing.
FAQs
Q1: Is Jio Coin launched in India?
No, The Jio Coin is still not yet officially launched.
Q2: Can I buy Jio Coin today?
No, you cannot buy Jio Coin legally or safely as it is not listed on any verified crypto exchange.
Q3: Where to find updates on Jio Coin?
Follow official Reliance Jio announcements and trusted tech news portals for updates.
