Reliance Industries, led by billionaire Mukesh Ambani, has introduced Jio Coin, a digital currency that has sparked curiosity among the business community and cryptocurrency enthusiasts. Despite its launch, the company has maintained a silence around the coin’s specific features and uses, leaving many anticipating its reveal.
Jio Coin is a blockchain-based reward token that users can earn by engaging with different mobile or internet-based apps as decided by Jio Platforms Limited (JPL) using their Indian-based mobile numbers. According to Wallet Investor, as of April 7, 2025, the price of 1 JIO Token is Rs 18.798930, with a market capitalization of Rs 33,021,401 and an available supply of 1,908,130 tokens.
Individuals can earn JioCoins through various Jio apps, including Jio Sphere, Jio Mart, Jio Cinema, and My Jio. The earning process involves downloading and installing JioSphere browser, signing up with a Jio number, accessing the Jio Coin wallet, and logging in to start earning.
JioCoins can be used for various purposes, including mobile recharges, shopping discounts, and more. The coin’s 24-hour trading volume and percentage change over the last 24 hours are not specified by Wallet Investor. Despite the mystery surrounding Jio Coin, Reliance’s partnership with Polygon Labs aims to bring Web3 technology to India, signaling a significant move in the digital currency space.