What is Jio Coin? Full Details about Jio Coin. Hello Friends Today i am going to share some interesting facts and deatils about Jio Coin. The rising value of bitcoin is attracting thousands of investors in India. Even those people who don’t know about cryptocurrency is also started investing in Bitcoins, Ethereum, Ripple etc. to get more profit quickly. India’s very own telecom operator Reliance Jio which is planning to launch their very own cryptocurrency. The name for this cryptocurrency is Jio Coin, and this will help the customers to make digital payments very more comfortable. This cryptocurrency will be based on the Blockchain technology. In the case of India, after Laxmi coin and Indicoin, Jio coin will be India’s third very own cryptocurrency. In this article, we will discuss Jio Coin ICO, How to Buy, Price, Launch Date etc. So, scroll down to know details.
Jio Coin Details
Mukesh Ambani’s son Akash believes in the future and seeing as cryptocurrency is the future, this initiative makes a sense. As per Livemint Report, The project will be led by Mukesh Ambani’s older son Akash Ambani with a 50-member team (average age of 25 years of young professionals) where they will work on the blockchain technology required for the currency. They may come up with the offers to promote this new coin service. Now South Korea and China have already banned the coin trading in their country, so Reliance Jio is most likely to take the permission from the government for this new launch.
The technology is mostly used for cryptocurrencies, but Reliance Jio plans to use it for supply chain management logistics. India is on the path to be a technology innovation leader and a technology superpower, and open source community will be a driving force behind this”.
The Additional information on Jio Coin
Akash Ambani is the leader of this new project for the coin. It is the perfect time for a cryptocurrency launch as it was seen ripple to reach the second spot in the cryptocurrency ranking list. The Ripple is a low-cost cryptocurrency, so a new start with similar price rates is also being expecting to gain the profit for the company. The reason behind a ripple’s success is the investment of the Asian countries with an India which is having the most number of the investors. Now considering with all this and also to have the trust of the Indian people have on the Reliance Jio. The Jio’s cryptocurrency is expecting to be a success. Many of the people from India are unaware of Internet money, so this might also be a chance for them to understand that how cryptocurrency is working and how it can be useful to them.
Jio Coin Price, ICO
here are no official updates regarding Jio Coin and ICO. But considering the popularity of Jio, the expected price of the coin is 1$ which equals to Rs 64 approx in Indian currency. As per various sources, the total supply may be 1 billion and the coin is launching in 5 Slots where first slot buyer will get the high discount in ICO (Initial Coin Offering), and then the rate will be increased in the 2nd, 3rd, 4th and 5th slots. Total ICO supply may be 50 million.
How Jio Coin Works
The Blockchain is a digital ledger for storing the data including, but not a limited to, financial transactions. In the simple terms, blockchain decentralises the information without it which is the copy. The info starts on the blockchain through a shared database which can access on a real-time basis. This database is not only stored on physical servers but on the cloud, which makes it very easy to store the unlimited data.
The most famous application of the technology has undoubtedly is the cryptocurrency, and Reliance Jio also plans to create its version that is called JioCoin.
The One application is cryptocurrency. We can deploy the smart contracts. It is using a supply chain management logistics. The Loyalty points could altogether be base on the JioCoin, which is adding it to the proposal stage.
Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies not backed by assets and posed risks such as money laundering.
Jio Coin ICO Launch Date
As I told you above, Jio has not announced anything on the coin officially, so we can’t comment on the launch date. If any updates come from Jio, it will be posted here, or you will also be able to know by visiting official website Jio.com.
How to Buy Jio Coin?
Though there is no official notification, It is expected. Initially, Reliance Jio may launch their cryptocurrency by launching a new website in which you may be able to buy Jio Coins using your JioMoney wallet balance. But after few days, it might become available for purchase on popular exchanges like Bittrex. Stay connected to us for the complete buying guide.
Now its time to spread the news to your friends using facebook, twitter etc. If you have any question regarding Jio Coin launch date, price, buy, ICO etc. then feel to comment below. Also, stay tuned to us as we will update the whole article after the official launch.
Beware of Fake Jio Coin Apps
Google Play store has been flooded with several fake Jio Coin apps claiming trade or buy/sell the cryptocurrency. In fact, there is no official confirmation, Reliance Jio said in a statement “There are no such apps offered by the company or its affiliates/ associates. Any such apps using the JioCoin name are fake and people are advised to refrain from dealing with any of them”.