Reliance Plans Jio Coin
Many reports from the media indicate that Reliance Jio is planning to start its own cryptocurrency – JioCoin. It is believed that the Jio Coin Project is supposedly headed by Mukesh Ambani‘s son who is the eldest, Akash Ambani.
According to reports in various media According to reports in various media, 50 young professionals under 25 years of age will be employed to assist with the project.
What is Jio Coin?
At the moment it is unclear about the actual use of JioCoin‘s use. Although some reports suggest that it will be a cryptocurrency like Bitcoin However, some reports claim that this isn’t actually the case.
Blockchain technology can be used to create applications such as procurement management and smart contracts and many more. If JioCoin comes into this, it is likely that its application will be restricted to applications within the business.
What is Blockchain?
Blockchain is nothing more than an electronic ledger.
Imagine the idea of a register. Many things can be recorded in the register. However, if there were numerous registers that contained the same data that it would be difficult to alter the records which makes the registers extremely secure.
It is the essence of the definition of blockchain.
Blockchain technology isn’t restricted to use in financial transactions.
The technology behind blockchain is cryptocurrency uses. It doesn’t mean that it is just for cryptocurrency.
Anywhere there is a risk of tampering or manipulation in records, the blockchain could aid.
For instance, blockchain can be used to keep information in hospitals as well as in offices, factories etc.
We aren’t sure what JioCoin is specifically going to do, but if it’s intended to be utilized internally to support intelligent contracts, or for supply chain management then it can be classified as a non-finance component of blockchain.
Crptocurrencies
Following the S. Korea announcement of cracking into Bitcoin, Bitcoin, Ethereum, Ripple, and other cryptocurrency prices fell by huge margins.
Jio Coin Price Prediction: How To Buy It?
Reliance Jio, the telecom giant in India has taken an innovative move by moving into the cryptocurrency and blockchain market with its latest offering, Jio Coin. Together and with Polygon Labs, Reliance Jio hopes to transform the economic model of digital commerce in India by introducing a rewards-based token system that is based on Jio Coin. This revolutionary approach not just represents the company’s entry in Web3 but also seeks to increase engagement with digital media by rewarding internet users for their online activities using JioSphere. JioSphere browser
How to buy Jio Coin
If you’re interested in knowing the best way to purchase Jio Coin, it is crucial to remember that it’s not directly accessible for purchase right now. Instead, users earn it by using JioSphere. JioSphere browser. To begin, users needs to download and install the JioSphere browser, which is available for the Android or iOS devices, sign-up with the Jio number, and then begin surfing in order to accumulate Jio Coins. As the Jio project develops the expectation is for Jio Coin to be redeemable and transferable via the MyJio app or other platforms. It may also be traded on well-known cryptocurrency exchanges such as Koinex as well as Zebpay.
Value of Jio Coin
Although the exact price of Jio Coin has not been revealed however there is a possibility that it will be launched in the market for around $0.5 (Rs43.30) for each token. The worth that is Jio Coin is anticipated to increase as it becomes connected to Jio’s services including JioMart or Reliance petrol stations. Its possibilities go far beyond just cryptocurrency transactions and will encompass the full range of services offered by Jio’s Jio network, including mobile recharges, discounts for shopping as well as access to exclusive services and even fuel payments.
