Reliance Jio, India’s telecom giant, has launched JioCoin, a digital token built on the Polygon blockchain. This innovative move aims to reward users for simply browsing the web using Jio’s JioSphere browser. While details are still emerging, JioCoin has the potential to be a game-changer for Web3 adoption in India.

Earning JioCoins: A Simple Process

Getting started with JioCoin is easy. Download the JioSphere app on your smartphone and create an account. Every time you browse the web using JioSphere, you’ll automatically earn JioCoins. These tokens are stored securely in your Polygon wallet, opening the door for millions of Jio users to explore the exciting world of Web3.

Jio and Polygon: A Powerful Partnership

The launch of JioCoin signifies a significant collaboration between Jio and Polygon. Jio’s massive user base merges with Polygon’s cutting-edge Ethereum Layer 2 solution, enabling fast and cost-effective transactions. This partnership could pave the way for wider Web3 adoption in India and potentially inspire other major companies to introduce their own digital tokens.

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JioCoin’s arrival stirs the pot regarding India’s cryptocurrency regulations. With the government’s existing crypto tax structure, JioCoins will likely fall under these regulations. How regulatory bodies like the RBI and SEBI classify JioCoins for tax purposes remains to be seen.

From Buzz to Reality: JioCoin’s Journey

JioCoin has been in the news since 2018, but it wasn’t until January 2025 that the official partnership with Polygon materialized. Reports suggest Jio had a dedicated team working on a blockchain token back in 2018, indicating a long-term vision for Web3 integration.

An official announcement regarding JioCoin’s value, trading features, and functionalities is awaited. However, the current system allows users to accumulate JioCoins within the Jio ecosystem. This could potentially reshape the future of digital transactions within Reliance’s vast network.

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