JioCoin Crypto: Jio Platforms Reveals Jio Coin Launch Date for New Digital Token
JioCoin has been in the news for some time, and recently, Jio Platforms has finally revealed the official date of the JioCoin crypto – January 16, 2024. This new digital token was launched through integration with the firm’s in-house web browser, JioSphere, through Polygon to introduce Jio to the Web3 economy formally.
— Kashif Raza (@simplykashif) January 16, 2025
Big Breaking News:- Jiocoin Launched On Polygon.
Reliance Jio, the world's largest mobile operator, has just surprised the crypto world by officially launching Jiocoins!
What are Jiocoins?
Jiocoins are digital tokens issued on Polygon.
Jiocoins is a mechanism to reward… pic.twitter.com/MNRb5HGa08
The JioCoin crypto project is an additional non-convertible reward token that offers an application for users of JioSphere. Industry experts in the telecommunication industry expect that, in some capacity, the token might be utilized throughout Jio’s largely connected environment. There will be possible use cases within Bitinning as CEO Kashif Raza has mentioned for mobile recharges and at the Reliance outlets but when it comes to the technicality of the token, crypto analyst Sunil Aggarwal has questions.
After the announcement of JioCoin, this project received widespread attention, mainly because Jio joined forces with Polygon Labs. Though crypto is heavily regulated in India, and one is even liable to pay a 30% tax on his/her profits, the number of Jio users can make it one of the largest crypto-related ventures in India. It has been compared with the Basic Attention Token (BAT) of Brave browser implying that it is a reward-based platform for the Indian marketplace.
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