Reliance Jio launches JioCoin on Polygon, rewarding users via JioSphere browser for engaging with its ecosystem.

This comes in the background of the RBI expressing concerns over any privately held 'virtual coins' and cryptocurrency continuing to remain a subject of debate among India’s policymakers. Globally, though,

Mukesh Ambani-led Reliance Industries' technology subsidiary Jio Platforms recently announced a partnership with Polygon Labs, the developer arm of Polygon Protocols for its Web3 and blockchain debut in India.

Jio Platforms has introduced a new reward token called JioCoin on the Polygon blockchain network. The launch has sparked discussions among users regarding its potential applications, though the company has not yet provided official details about its utility.

Jio Platforms has reportedly introduced JioCoin on the Polygon blockchain network as a reward token for browsing through JioSphere, Jio's web browser. The token is currently non-transferable and non-redeemable.

India’s telecommunications and digital services company, Jio Platforms, is introducing Web3 capabilities to its user base of over 450 million. The initiative involves a collaboration with Polygon Labs,

Jio Platforms has launched JioCoin, a reward-based token built on the Polygon network, integrated with its JioSphere browser. JioCoin is not yet transferable or redeemable, with no official utility announced. Critics have raised concerns over the token's transparency and functionality.

Jio Platforms launches JioCoin, a reward based token on Polygon, for Jio users to earn rewards for browsing the internet.

JioCoin, backed by Mukesh Ambani's Reliance Industries and Polygon Labs, is generating buzz as a potential game-changer in India’s digital economy. Positioned as a utility token, it could power services like JioMart,

According to a blog post by CoinDCX, those interested in investing can purchase JioCoin on their crypto exchange. This makes it available for both Indian as well as global investors. However, the launch of JioCoin has also come under criticism.

Reliance Jio, India’s largest telecom operator, has launched a reward token dubbed JioCoin on the Ethereum layer 2 network Polygon. While there has been no official announcement from the company as of publication time,