India’s leading telecom company Reliance Jio has entered the blockchain and cryptocurrency market with its new cryptocurrency Jio Coin. Recently, Mukesh Ambani-led Reliance Jio has launched Jio Coin. Which users can earn by using Jio Spear browser. This step of Reliance Jio will prove to be very helpful in promoting digital currency in India and spreading awareness. Let’s know how much is the price of Jio Coin? And where and for what things it can be used.
What Is Jio Coin
Jio Coin is also a crypto coin like any other crypto coin or token. Jio Coin is a crypto coin which has been launched by Mukesh Ambani’s company Jio Platform, so it can be said that a big company of India has launched its own cryptocurrency.
As you know, the crypto market in our country fluctuates a lot and if we look at the government policy, due to 30% Tax and 1% TDS deduction, people have stopped keeping money in crypto and due to the attitude of the government, people are afraid of investing in crypto.
Jio’s Entry In Cryptocurrency Market
Reliance Jio has recently entered the crypto market by launching its Jio Coin. Which has been prepared in collaboration with Polygon Blockchain. This will be a reward coin. Which will be given to the users in exchange for using Reliance Jio’s platform. Along with this, Jio has also launched its new browser Jio Spear. Users using it have started getting Jio Coins in their wallet. However, this project is currently in beta version.
The government has imposed 30% tax on crypto profits. This step of Reliance Jio will work to revolutionize India’s digital economy. However, Jio Coin will also come under the purview of 30% tax.
What Is The Price Of Jio Coin
At present, Jio Coin cannot be bought or sold directly. Its official prices have not been disclosed. But users have started earning in Jio Coin. According to media reports, Jio Coin will soon be launched on Koinex and ZebPay crypto exchange platforms. Its estimated price can be around Rs 43 in Indian currency.
How To Buy Jio Coin
At present, Jio Coin cannot be purchased directly, but users can earn it through the JioSphere browser. For this, users have to download the JioSphere browser on Android or iOS devices and sign up with their Jio number. Jio Coin is expected to be made available for transactions on various platforms such as the MyJio app or popular cryptocurrency exchanges such as Koinex and Zebpay.
Where Will Jio Coin Be Used
Jio Coin can be bought and sold after its launch on the crypto exchange platform. However, you will be able to do mobile recharge, fuel payment at petrol pump, shopping discount and other digital transactions directly from your wallet.
Challenges of Cryptocurrency in India
Regulatory issues like 30% tax and 1% TDS exist on cryptocurrency in India. Despite these regulations, the journey of Jio Coin is being monitored. The collaboration of Reliance and Polygon Labs can help create a favorable environment for digital currencies.
Jio Coin Estimated Price
Although the official price of Jio Coin has not been disclosed, it is estimated that it may enter the market at $0.5 (₹43.30) per token. As the usage of Jio Coin increases in Jio services, such as JioMart and Reliance gas stations, its price is expected to increase. The purpose of Jio Coin is not limited to cryptocurrency transactions only, but it will also be useful for services like mobile recharge, shopping discounts and fuel payments within the Jio network.
Conclusion
Jio Coin is also a crypto coin like any other crypto coin or token. Jio Coin is one such crypto coin which has been launched by Mukesh Ambani’s Jio Platform, a company of Jio India. If you have any question regarding this post, then you can tell us by commenting in the comment box given below. Your feedback and suggestions are welcome as always. Thank you.
