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Hello, good-looking Hivers Faiz is here and this update is something that is very important for everyone. Jio Platforms Limited (JPL), the business of billionaire and Reliance Chairman Mukesh Ambani, has ventured into the cryptocurrency space. JioCoin is a new incentive token that JPL has introduced on the Polygon blockchain network. Jio's proprietary web browser, Geosphere, provided this information.
Users of JioSphere, a web browser owned by Jio, have reportedly begun adding JioCoin, according to media sources. Ethereum Layer 2 serves as the foundation for this cryptocurrency coin. At the moment, Polygon is listed in the cryptocurrency market.
However, the company has yet to make an official statement or provide any details regarding the potential applications or features of the cryptocurrency token. Numerous JioSphere customers on iOS and Android smartphones have reportedly begun to notice JioCoin on their devices, according to media sources.
Here's how to get reward tokens.
"JioCoins are blockchain-based reward tokens that Indian users can earn by joining various mobile or internet-based apps decided by JPL using their mobile numbers," Reliance said in the FAQ section. Users can earn Web3 tokens, which will be credited to their wallets, by signing up for different Jio apps. The user's involvement will determine the coin's value.
This implies that JioCoin would soon be accessible through JioCinema, MyJio, and other Jio applications.
Users can earn JioCoins for free by using a web browser to access the internet, according to information created on the JioSphere web browser. You can put these currencies into the Polygon Labs wallet.
You can recharge with JioCoin.
However, JPL hasn't provided many specifics regarding JioCoin's valuation or trading options thus far. There are rumors that JioCoin may be used to pay utility bills, recharge mobile phones, and access other Jio services. In the upcoming days, Reliance may officially formally launch JioCoin, and the business will disclose its benefits and applications.
Even though cryptocurrencies are receiving bad reviews in India, JioCoin's introduction could be a significant milestone given Indian people' faith in Jio. Given its extensive user base and connection with Jio's infrastructure, it has the potential to become a formidable rival in the Indian market. Meanwhile, the sudden surge in popularity of the $TRUMP meme coin has demonstrated that there is still a lot of interest in and support for cryptocurrencies around the world.
On the other hand, Donald Trump introduced his new meme coin, "$TRUMP," on Friday. As of right now, its market value is $9 billion. He revealed the cryptocurrency token in a Truth Social post, presenting it as a means of celebrating his impending swearing-in and "winning."
So can we expect something within this budget? only time will tell but right now it is good that other country's famous people are entering in crypto world and this particular thing bringing more positivity towards crypto. thanks for being here and now faiz is signing off and meet you in the next blog.
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