Indian business tycoon Mukesh Ambani launched jio coin on the polygon Blockchain network. JioCoin is designed as a reward mechanism for users who browse the internet through JioSphere. However, the token is not yet transferable or redeemable. It is expected to gain more significance as it integrates with Jio's extensive ecosystem, which spans across multiple businesses. The introduction of JioCoin follows Jio's collaboration with Polygon Labs to boost its blockchain and Web3 offerings.