Reliance Jio is Planning to Develop its Own Cryptocurrency “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. Now the Indian telecom operator Reliance Jio is planning to develop its cryptocurrency called Jio Coin. In this article, we will discuss Jio Coin ICO, How to Buy, Price, Launch Date etc. So, scroll down to know details.

Jio Coin

Jio Coin Details

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. The blockchain is a digital ledger which stores data such as financial transactions on a cloud and not on physical servers, so it can be shared and accessed in real time.

The technology is mostly used for cryptocurrencies, but Reliance Jio plans to use it for supply chain management logistics. Akash Ambani says “Jio is committed to using Open Source technologies to the better consumer experience. 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”.

Jio Coin Price, ICO

There 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.

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”.

Note: All these are just rumoured, and nothing has been confirmed by Jio, so take it with a pinch of salt.

Disclaimer: We are not an official website of Jio. 

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