Reliance Jio has officially launched JioCoin, a blockchain-based digital token developed in collaboration with Polygon Labs. This initiative marks Reliance's entry into the Web3 space, aiming to enhance user engagement across its digital ecosystem.

🔹 What Is JioCoin?

JioCoin is a blockchain-based reward token developed by Jio Platforms in collaboration with Polygon Labs. Currently in its beta phase, users can accumulate JioCoins by browsing the internet through the JioSphere browser. These tokens are stored in a Polygon wallet and are expected to have various utilities within the Jio ecosystem, such as payments for mobile recharges, shopping at Reliance outlets, and access to exclusive features.

💰 Current Price & Market Stats

As of May 1, 2025, the price of 1 Reliance JIO coin is ₹23.54, with a market capitalization of ₹41.3 million and a circulating supply of approximately 1.9 million tokens.

📲 How to Earn JioCoins

Users can accumulate JioCoins by engaging with various Jio platforms. One primary method is through the JioSphere web browser:

  • Download JioSphere: Available for both Android and iOS devices.

  • Sign Up: Register using your Jio mobile number.

  • Access Jio Coin Wallet: Navigate to the profile section and select the 'Jio Coin Wallet' option.

  • Start Earning: Browse the internet using JioSphere to earn tokens.

Additionally, interactions with other Jio services, such as MyJio and JioCinema, may offer opportunities to earn more tokens.

🛍️ Potential Use Cases

While JioCoin is currently non-transferable and cannot be traded on external markets, future applications might include:

  • Mobile Recharges: Redeeming tokens to pay for Jio mobile services.

  • Shopping Discounts: Possible usage on platforms like JioMart and Reliance Digital.

  • Web3 Integration: Incentivizing engagement with blockchain-based apps.

However, no official statements have confirmed these uses.

⚠️ Regulatory Considerations

It's important to note that the Indian government does not recognize cryptocurrencies as legal tender. Earnings from digital assets are subject to a 30% tax and a 1% Tax Deducted at Source (TDS). Investors should remain aware of these regulations when engaging with any cryptocurrency.