Jio Coin is a blockchain-based reward token introduced by Reliance Jio in collaboration with Polygon Labs to promote blockchain and Web3 technology in India. However, Jio Coin cannot be directly purchased or traded on any platform. It is earned exclusively through the JioSphere browser.
How Can You Get Jio Coin?
To earn Jio Coin, follow these steps:
- Download the JioSphere Browser
To get Jio Coin you have to download JioSphere browser. - Sign Up with Your Jio Number
After this you have to sign up with Jio number. - Access Your Jio Coin Wallet
After this, click on the profile icon, you will see the option of Jio Coin Wallet. - Start Browsing and Earning Tokens
After this start earning tokens, keep in mind that you will be given these tokens as a reward for browsing.
How Can Jio Coin Be Used?
According to information shared on social media, Jio Coin might be usable in the future for:
- Online shopping
- Mobile recharges
- Payments at fuel stations
Estimated Value of Jio Coin
Although not officially confirmed, the estimated value of Jio Coin is believed to be ₹43.50 per token.
Important Considerations
- If we talk about the Indian government, then the Indian government does not consider cryptocurrency to be valid. But if you make a profit on cryptocurrency then it is mandatory to pay 30% tax and 1% TDS
- 30% tax on profits
- 1% TDS on transactions
