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Cryptocurrency News Articles
JioCoin: The Crypto Revolution Powered By Mukesh Ambani’s Reliance? Here’s What You Need To Know
Jan 22, 2025 at 07:39 pm
Jio Platforms, led by Mukesh Ambani, has partnered with internet technology company Polygon Labs. Since the announcement, social media users are excitedly talking about “Jio Coin” and sharing screenshots online.
Reliance Industries, headed by Mukesh Ambani, has joined hands with internet technology company Polygon Labs. Following this announcement, several social media users are abuzz with talks of “Jio Coin” and are sharing screenshots.
Notably, Reliance’s tech subsidiary, Jio Platforms, has partnered with Polygon Labs to introduce Web3 and blockchain technology in India. As per media reports, this partnership will enable Jio users to enjoy better privacy and control over their data while accessing new and innovative services. Moreover, Jio Coin is speculated to be the newest project from Reliance Industries to introduce blockchain technology in India, as per a report by “CoinDCX”.
Jio Coin: Here’s how you can earn it for free
More details on Jio Coin
JioCoin is a blockchain-based reward token that utilizes Ethereum Layer 2 technology and is listed on the popular Polygon. Its primary purpose is to incentivize users for engaging with various Jio apps and services. This exclusive program is only open to users with Indian mobile numbers.
While the official valuation of this virtual coin has not been revealed, media reports have estimated its value to be around Rs 43 per token.
Will Reliance’s cryptocurrency make you a crorepati?
There are rumors on social media that Jio Coin may have future applications, such as mobile recharges, shopping discounts, and fuel payments. Given the success of Bitcoin, people are speculating that it can make people crorepati in the future. However, since Reliance has not released any official information about this project, it is advisable to take these claims with a grain of salt until further confirmation is provided.
ALSO READ: JioCoin: The Crypto Revolution Powered By Mukesh Ambani’s Reliance? Here’s What You Need To Know
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- Solana (SOL) Sheds 15% of Its Value, Briefly Dropping to 7th Spot
- Apr 05, 2025 at 05:50 am
- input: Solana (SOL), until recently a top-performing digital asset, shed 15% of its value over the past week. The decline briefly pushed SOL to the seventh spot in market capitalization rankings below Circle's USDC stablecoin before it reclaimed the sixth position despite a 4.54% drop over the prior 24 hours, according to CoinMarketCap data.
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- On Friday, First Trust closed out the week by launching the FT Vest Bitcoin Strategy Floor15 ETF (BFAP).
- Apr 05, 2025 at 05:45 am
- For its investors, BFAP seeks to provide capped upside to bitcoin's price performance, along with downside security. The fund's net expense ratio currently sits at 90 basis points.
