/viestories/media/media_files/2025/01/21/C2R2PgiMwfh1q7MjpWPP.png)
Reliance Industries' digital arm, Jio Platforms, has launched a reward-based crypto token called 'JioCoin' for users of the JioSphere web browser.
Although the company hasn’t made an official announcement yet, many JioSphere users on Android and iOS have started seeing JioCoin on their smartphones.
In the FAQ section, Reliance explains that "JioCoins are blockchain-based reward tokens" that users can earn by interacting with certain apps, using their Indian mobile numbers.
Read also- US VC SamVed Launches $50Mn Fund For Early-Stage Indian Tech Startups
By engaging with various Jio apps, users can earn Web3 tokens, which will be added to their wallets. The value of these tokens will depend on how much users engage. This suggests that apps like MyJio, JioCinema and others might soon support JioCoin.
According to the description on the JioSphere web browser, users can earn JioCoins for free by browsing the internet. These coins can be stored in a Polygon Labs wallet.
“Excited to share that our first integration with Jio Platforms Limited (JPL) is now live on JioSphere – Safe, Fast and Powerful Web Browser,” said Polygon Labs global payments head Aishwary Gupta in a LinkedIn post.
Currently, there isn't much information about the value of JioCoin or how it can be traded. However, some believe that JioCoins could be used for mobile recharges, utility bill payments and other Jio services.
Reliance is expected to officially announce JioCoin soon, where they will reveal its value, features and how it works.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Funding and Stories: Discover Funding Trends and Stories Shaping Indian Startups.
Startup Funding News: Your Gateway to Every Funding Update.
Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.
Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.