JioCoin is a blockchain-based reward token that can be earned by interacting with Jio’s various apps and services such as MyJio and JioCinema. Additionally, users can earn tokens by browsing the internet using the JioSphere browser.
A cryptocurrency token called JioCoin has been observed on the JioSphere web browser. This token is built on the Ethereum Layer 2 network and listed on Polygon Labs, a popular cryptocurrency platform. However, despite no official announcement from the company, many users across Android and iOS devices have already started spotting JioCoin in their apps.
According to the FAQ section, Reliance explains that “JioCoins are blockchain-based reward tokens that users can earn by interacting with various mobile or internet-based apps, as determined by Jio Platforms Limited (JPL), using their Indian mobile numbers.” By engaging with different Jio apps, users can earn Web3 tokens, which are deposited directly into their wallets. The value of these coins will depend on user activity, indicating that apps like MyJio, JioCinema, and others may soon integrate JioCoin.
Additionally, the JioSphere web browser itself offers users the chance to earn JioCoins simply by browsing the internet, with the coins being accumulated in a wallet hosted on Polygon Labs.
Notably, Mukesh Ambani, India’s richest businessman, has partnered with Polygon Labs to promote blockchain and Web3 technologies through his company, Reliance Jio. This collaboration aims to strengthen Jio’s digital offerings and services.
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