Jio Coins: A blockchain-based incentive token called Jio Coin was created by Polygon Labs and Jio utilizing Ethereum Layer 2. Despite its name, this cryptocurrency is not a traditional one. It is comparable to reward points, which Jio subscribers can obtain for free. Let’s unleash how one can earn them and Reliance’s venture with Polygon Labs.
Overview of Jio Coins
Jio Coin is a cryptocurrency token that is based on Ethereum Layer 2 and is now listed on the cryptocurrency platform Polygon Labs. Numerous Jio Sphere customers on iOS and Android smartphones have started to detect Jio Coin, despite the company’s lack of an official declaration. These Jio Coins are rumored to be usable for Jio-powered services, including utility bill payments and smartphone recharges.
How to Earn Jio Coins?
By utilizing their Indian-based cell phones to interact with various mobile or internet-based apps, customers can earn Jio Coins, which are blockchain-based reward tokens, as determined by Jio Platforms Limited (JPL). Furthermore, Jio Coins can be obtained for free through Reliance’s Jio Sphere web browsers. Users of the Jio Sphere web browser have begun to notice its addition. However, user participation will determine the coin’s worth., Jio Cinema, and other apps may soon support Jio Coin, which is something one should keep an eye on.
How to Get Jio Coins for Free?
- Get & Set up Jio Sphere: Install the Jio Sphere web browser, which is compatible with Android TV, iOS, Windows, Mac, and other systems.
- Navigate to the Profile Section: To access the profile area, launch the Jio Sphere app.
- Participate in the Jio Coins Programme: Start earning Jio Coin by registering for the programme designed for Jio Coins via the profile section.
Crypto Trend in India
As of right now, cryptocurrency in India is subject to a basic 30% profit tax and an extra 1% tax TDS; Jio Coin would be no exception. In India, there has been a negative attitude toward cryptocurrency ever since WazirX experienced a significant security breach that resulted in the loss of millions of Indians’ money. But with tokens like Bitcoin’s steadily rising value, the future of blockchain-based currencies is still bright everywhere.
Reliance’s Entry in the Crypto World
Reliance’s entry into the cryptocurrency can change the game for India. Jio Coin may encourage people to investigate and make use of blockchain technology, and Reliance’s enormous user base may greatly increase the acceptance of cryptocurrencies across the nation. Jio Coin also has the ability to improve financial inclusion by giving marginalized groups permission to financial services digitally. Overall, Reliance and Polygon’s collaboration may result in the development of cutting-edge Web3 services, including blockchain-based loyalty programs and decentralized apps (dApps).
Conclusion
The blockchain-based incentive token Jio Coin, Reliance’s foray into the cryptocurrency space, has high potential to have a big impact on the Indian market.
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