The token is built over Ethereum Layer 2 technology and is listed on the cryptocurrency platform Polygon. JioCoins is utilkized as reward tokens for users who avail services across Jio Apps and Jio Browser.
Reliance forayed into Web3 and blockchain-enabled technology with the launch of JioCoin tokens. The firm announced its strategic partnership with Polygon Labs for the launch of the attention-driven crypto tokens. The token is built over Ethereum Layer 2 technology and is listed on the cryptocurrency platform Polygon. JioCoins will be utilkized as reward tokens for users who avail services across Jio Apps and Jio Browser. Currently, the program is available only for India-based mobile numbers.
Users can sign up for the JioCoin program to start earning JioCoins, via the profile section of the JioSphere app. After signing up on the Jio browser, the users can mint coins as a reward for using various services across the Jio platform, from shopping on JioMart to recharging mobile, or watching promotional content, and more. The earned tokens will be credited to the user’s vault on a quarterly basis. These Web3 tokens can be redeemed to purchase services or goods provided by the company or its affiliates.
Following the launch frenzy, the JioSphere has grabbed the number one app across Google’s Play Store and Apple’s App Store.
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