look news india
India’s richest industrialist Mukesh Ambani has partnered with Polygon Labs to promote blockchain and Web3 technology through his company Reliance Jio. This partnership aims to further strengthen Jio’s digital services ,
What is Jio Coin?
Jio Coin is a blockchain-based reward token that can be earned through various Jio services and apps such as MyJio and JioCinema. Additionally, tokens are also available for browsing the Internet using the Geosphere browser. These tokens are kept securely in users’ Polygon wallet. However, these cannot be bought or sold in any market right now.
How to earn Jio Coin?
Jio Coin cannot be purchased directly. To earn it, you must use the Geosphere browser
- Download JioSphere browser on your Android or iOS device.
- Sign up with your Jio number.
- Click on the profile icon and select ‘Jio Coin Wallet’ option.
- Start earning tokens after login.
Expected Price of Jio Coin
Official information about the price of Jio Coin has not been revealed yet. According to media reports, its starting price may be $0.5 (about ₹ 43.30). If its demand and use increases then its price is also likely to increase.
Can Jio Coin give you a chance to earn money?
It is being claimed on social media that Jio Coin can be used in future for mobile recharge, shopping discounts and payment for petrol-diesel-CNG. However, Reliance has not yet given any official statement on this project. It would not be right to rely completely on such claims.
Indian government policy on cryptocurrency
The Indian government does not legalize cryptocurrencies. Crypto income is taxed at 30% and TDS (tax deducted at source) is 1%. Finance Minister Nirmala Sitharaman has made it clear that the government is taking a tough stance regarding cryptocurrency.