Mukesh Ambani’s Reliance, with the launch of JioCoin, a reward token on the Ethereum Layer 2 network Polygon, has sparked excitement on social media. It has drawn a large number of people who claim to have seen the JioCoin wallet live. Netizens have posted about it on X. Developed in collaboration with Polygon Labs, Jio Coin aims to enhance its offerings through blockchain and Web3 capabilities, marking a significant step forward for the company. These tokens can be earned by participating in various activities across Jio’s mobile and internet-based apps, as determined by the company.

Here Are 7 Things You Need To Know About JioCoin:

1. JioCoin has been designed as a reward token for JioSphere web browsers.
2. Users can earn JioCoin for engaging with different mobile or internet-based apps as decided by Jio Platforms.
3. Launch of JioCoin comes after Jio’s partnership with Polygon Labs to enhance its offerings through blockchain and Web3 capabilities.
4. The Jio reward token is not redeemable or transferrable.
5. These tokens can be earned by participating in various activities across Jio’s mobile and internet-based apps, as determined by the company.
6. Due to India’s strict regulations on cryptocurrency, its future is unpredictable. The regulation include 30% gain tax and a 1% source-tax deduction.
7. Creating a wallet on the JioSphere app is simple and hassle-free. JioSphere, a web browser by Jio Platforms, is available for download on both the App Store and Google Play Store.
8. This exclusive program is limited to users with Indian mobile numbers.