Reliance Jio Coin Expected Price and More

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Reliance Jio Coin, it is one of the most-anticipated digital currency which got introduced by Reliance Jio. The launch has been made in collaboration with Polygon Labs. It is currently within the beta phase. While the official price of the coin has not been confirmed yet, it has been estimated that it will range between $0.5 and $1, i.e., ₹43.30 to ₹86.60 per token. The launch of Jio Coin aims to revolutionize the digital economy with the integration of blockchain technology within Jio’s services.

Jio Coin Overview: How Reliance Made Entry into Cryptocurrency?

Reliance Jio of Mukesh Ambani has made one significant move within the cryptocurrency space by partnering with the well-known Polygon Labs. It marks the 1st time any Indian primary corporate entry introduced digital currency, thereby signaling a very bold step towards blockchain-based transactions and Web3 integration.

As of now, Jio Coins are only rewarded to users who are browsing the internet through the JioSphere browser. The browser allows the users to accumulate the tokens. However, the tokens are neither transferable as of now, and neither redeemable. In the near future, the users will be able to use it for varied digital services or trade it on the cryptocurrency exchanges.

Jio Coin Potential Price & Its Future Use

Currently, Jio Coin’s exact value is speculative. However, according to industry experts, it is predicted that the price will be between $0.5 and $1 per token. All the tokens can be used potentially for:

Doing Mobile recharges via Jio’s network.
Make the purchases at all Reliance stores and gas stations.
Make payments for different Jio digital services, data storage and e-commerce.
Trade on the crypto exchanges, including Koinex, CoinDCX, or Zebpay, in the upcoming time.

While Jio Coin as a digital currency comes with many promising benefits, it might face many regulatory challenges, too. After all, in India, a 30% tax on cryptocurrency gains, along with a 1% tax on deductions, is applicable.

Jio Coins: How to Earn Them?

The Jio Coins can be accumulated just by browsing through the JioSphere browser. In order to make your process easier, you can follow the below-mentioned step-by-step guide and start earning today.

Download the JioSphere browser through the Apple App Store or Google Play Store.
Next, sign up by using the Jio mobile number. It will help to create your account.
Just start browsing the internet on JioSphere. The more your browsing is, the more chance or coins you get to earn.
All these coins will be stored within the in-app wallet. It will be ready for future transactions after it is enabled.

Jio Coin is The Future of Indian Digital Currency

Reliance Jio Coin has the potential to create transformation within India’s digital economy. It will offer a much more efficient, secure, and user-friendly digital currency to users. Moreover, blockchain-powered transactions can even become a huge game-changer within the financial landscape.

However, as there are some strict regulations of the Indian government on the cryptocurrency, it might impact how these Jio Coins get used in the long run. As for the rest, with more updates rolling out, we will try to offer you the same. The users must also remain connected to the official Jio channels in order to track all of the latest developments that are happening within the Jio Coin’s journey.