What is a Jio Coin?
Jio Coin is an incentive of Jio, they are bringing rewards to their ecosystem. Jio Coin is a digital coin, the purpose of that coin is to give rewards.
What does Jio Coin Reward for?
Jio launched JioSphere Browser. Just like you use Chrome, Brave etc., Jio has also come up with its own browser. You search inside this browser, open websites, spend your time in it, and in return you get Jio tokens.
What is the purpose of the Jio Coin?
This coin is being available inside the Polygon Blockchain. Companies used to give coins earlier also like Flipkart does. Different companies used to give coins. This digital coin was inside people’s apps, it was not on the Blockchain. Jio Coin is being issued on the Blockchain. It seems that Jio is looking for a usecase, they can increase the usecase on the public Blockchain. It will be transparency, permission-less. We can predict the future plan, but we do not know what it is in reality. The company will definitely have a plan. The purpose is to bring the user base towards themselves. Companies like Google, Facebook etc. have also earned trillion dollars from the users. Jio also wants to become a trillion dollar company.
Jio Coin Earn New Feature Launch
Create an account in JioSphere Browser, your account will be created, which will be the address of your wallet. That wallet will be a Web3 wallet. The more time you spend in JioSphere, the more Jio coins you will start getting in a particular circle. Jio has increased a new use case. Every Mobile and Telecom’s messaging app, that Phone app is being replaced with Jio App. Now whatever message you get, open it, you will get Jio Coin in return. Now you spend minimum time on whatever messages you get, but now you will get reward in this. Jio is whatever you are spending time on on the internet, it wants to spend its time, it wants to get its product. Jio is trying to ensure that its company gets the benefit of internet growth.
Will Jio users get benefit from Jio Coin or not?
Users are using JioSphere Browser, there is no need to look at the Jio Coin that you are getting like this, there is no benefit or not, just use it for now. There will be no loss if you do not use it, even if you use it there is no loss. You are getting Jio Coin by using it, what will be its use in future, this remains to be seen. It is just like Brave browser. Jio Coin people have written that users will benefit from it.
Jio Coin Crypto Or Jio Coin Reward
This Jio Coin is not Crypto. You could call it Crypto when its tokenomics is known. How many coins would be in circulation when that coin will be tradable. Right now it is not tradable. Its price will not be decided by the company. If the company decides the price, it will become security in a way, it will become an investment product. SEBI will call Jio. This will become shares in a way. Jio wants to avoid this. Jio is saying that I am giving a reward. It will be tradable, what will be its tokenomics, what will be its price, this will be known in future. For now, I am getting token as reward, its value will be known in future. When the case arises the value will be derived. For now there is only a reward system.
How does Polygon benefit from Jio Coin?
Jio has 450 Million users. Those 10 Million people also create Jio Coin wallet. Those 10 Million people will come on the Polygon blockchain. Their unique addresses will increase. The number of transactions will increase. Polygon will have a direct impact from Jio. Today you can see on the Polygon Tap Radar that their unique addresses are increasing. Jio will also have a major role in this.
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Disclaimer
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