Jio Coin: Reliance Jio, owned by Asia and India's richest businessman Mukesh Ambani, has announced its partnership with renowned crypto and blockchain player Polygon Labs, which aims to enhance its offerings with blockchain and Web3 capabilities. Meanwhile, the discussion intensified on social media that Reliance Industries is entering the cryptocurrency market. jio coin Is going to launch. In many social media claims, it is being described as a way to get rich quick. However, till now there has been no official confirmation from the company. Here we are going to tell you special information related to Jio Coin.
What is Jio Coin?
Let us tell you that Jio Coin is a blockchain-based reward token. It can be earned through interactions on Jio's apps and services like MyJio, JioCinema, and other platforms. Other than this, JioSphere Browser Jio Coins can also be earned by browsing the internet using Jio. These tokens will be credited to users' Polygon wallet. However, this token is not currently transferable or redeemable. That is, users cannot transfer it to anyone else or sell it in the market.
How to earn from Jio Coin?
Currently Jio Coin cannot be purchased directly. user it JioSphere Browser Can earn through. For:
- on Android or iOS JioSphere Browser Download.
- Sign up with your Jio number.
- By clicking on the profile icon in the browser Jio Coin Wallet Select option.
- Start earning tokens after login to wallet.
Potential value of Jio coin
The official price of Jio Coin has not been revealed yet. It is estimated that if it hits the crypto market, it could launch at $0.5 (₹43.30) per token. Over time, its value is expected to increase as its utility increases.
Can you become a millionaire with Jio Coin?
According to the claims being made on social media, the purpose of Jio Coin is not limited to transactions only. It can also be used for mobile recharge, shopping discounts, and fuel payments. However, Reliance has not issued any official statement regarding this project, so avoid relying completely on the claims.
Indian government does not consider crypto as valid
It is worth noting that there are strict rules on cryptocurrency in India. The government does not consider it legitimate. The concerned has to pay 30% tax on the profits made from cryptocurrency. Along with this, 1% TDS also has to be paid at source. Finance Minister Nirmala Sitharaman herself has made the government's stand clear on this.
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