On January 16, we got sudden hype over social media about JioCoin being highlighted in the JioSphere browser—Jio’s very own browser. There is no detailed information on JioCoin’s future use case and how things will evolve around it. Currently, this is a reward token based on the Polygon blockchain network.
We are comparing this with the BAT token given by the Brave browser. The more you use the browser, the more you collect coins and eventually redeem them for various benefits. Jio is a bit more in everything, and there is a huge possibility of Jio to reveal more use cases of JioCoin.
Previously, Jio collaborated with Polygon Labs to expand and improvise its contribution with blockchain and web3 functionalities.
For now, JioCoin is ready as a reward only through the Jiosphere browser, it can’t be redeemed or transferred for now, but in upcoming days, users can surely redeem it for various rewards as it is shown in the app’s profile section. If its value becomes larger than expected, we might see this landing on crypto exchanges.
There is already some heat surfacing on social media about JioCoin, as Sunil Aggarwal, an author and crypto analyst, raised questions about if this coin will share transparency and legitimacy in India. He also added if JioCoin is having a blockchain explorer or verified smart contracts like other crypto coins on the Polygon Network?.
The Jio platform is currently having huge potential with 450 million+ users, and this JioCoin could go massive if given a fair chance in the crypto world. We should remember that in India, there are strict regulations over crypto, including a 30% tax on gains and a 1% tax deduction at source. Let’s see how Mukesh Ambani’s coin could play around in Indian regulations and huge user count.
We will be sharing a full guide on how to earn JioCoin in upcoming posts. Stay tuned!
Maybe these jio coins will be used as money in future.
yes, maybe! anything could happen in jio sphere
kaise earn krna hai jio ka coin wo toh batao
sharing soon!