Outlook Business Desk
Mukesh Ambani's Reliance Industries ventured into the blockchain and cryptocurrency space with Jio Coin, elevating India's crypto market.
According to Reliance’s FAQ section, Jio Coins are blockchain-based reward tokens that users can earn by interacting with various mobile or internet-based apps designated by Jio Platforms Limited (JPL) using their Indian mobile numbers.
Reliance's technology arm, Jio Platforms partnered with Polygon Labs to bring Web3 and blockchain advancements to India.
As per the latest data from Wallet Investor, the value of one Jio Token is Rs 21.995, making 100 Jio Coins worth Rs 2,199.529.
The market capitalisation of Jio Coin currently stands at Rs 38,635,984, reflecting its overall valuation in the cryptocurrency market. Additionally, the total number of Jio Coins in circulation is 1,908,130 tokens.
To start earning Jio Coins, first, download and set up the JioSphere Browser. Next, register using your Jio number and open the Jio Coin Wallet. Finally, sign in and begin earning rewards through the platform.
Jio Coins can be earned by using the JioSphere web browser from any device, whether it's an Android smartphone, iPhone, Windows PC or MacBook. Additionally, Jio Coins can be accumulated through Jio apps such as JioSphere, Jio Mart, Jio Cinema and My Jio.
According to various media reports, Jio Coins can be used for various purposes, including mobile recharges and shopping discounts.