How to Earn JioCoins: Digital tokens are increasingly dominating the Indian markets. Whether it’s about crypto tokens or digital metal investment, people use these financial assets to keep their hard-earned money safe and secure from market fluctuations.
It’s hard to trust newly launched digital tokens, right? But what if the company behind them is highly reputable? Would you start trusting it then? One such company is Reliance Private Limited, which recently launched its biggest asset, JioCoin.
Yes, you heard right! Mukesh Ambani’s Reliance introduced its reward-based digital token. With this initiative, Reliance Jio has made a historic entry into the world of Web3 and blockchain.
But the problem is, that you can’t find Reliance’s reward token on any cryptocurrency platform.
So, where can you find it, and how can you earn it? Below, I’ll scratch the surface to explain every inch of detail, including how to earn JioCoins, what this reward token is, and how one can get it.
What is JioCoin?
First, you need to understand what exactly JioCoin is. JioCoin is basically a reward token launched by Reliance Limited Company. Now, when I say ‘reward token,’ many people confuse it with ‘cryptocurrency.’
However, it’s not crypto, it’s a reward token or you can a ‘return gift’ for using the app. This means you can’t purchase it; instead, you’ll earn it as a reward for using Jio’s apps, such as JioSphere.
If you’re wondering how to earn JioCoins, it mainly involves interacting with Jio’s apps and using their services for your daily needs.
The Technology Used Behind JioCoin
Let’s find out what makes this coin so special and why everyone’s talking about it.
The technology used behind the creation of JioCoin is the Polygon blockchain network, a similar blockchain platform used for cryptocurrency. To make it easily accessible to everyone, Reliance developed a robust blockchain network.
Polygon Lab Networks is a Bangalore-based company that manages Web3 services for Reliance’s customer base.
As per the speculations, Reliance introduced this reward token to test the market so that they could get an idea about how Indian users would react to a digital token.
Additionally, this initiative encourages users to engage with Jio applications for their daily needs.
How to Earn JioCoin for FREE from JioSphere?
So, you’re ready to earn this coin? That’s great! Because who wouldn’t want to earn rewards just by browsing the internet?
Just think, how amazing this is, you just simply use ‘JioSphere’ as a browser. Basically, using the JioSphere app gives you JioCoins as a ‘thank you’ bonus. The more you use it, the more you get.
Now let’s understand how one can earn JioCoin from the JioSphere application: follow this step-by-step instructions:
Step 1: Open the Google Play store or Apple App Store and search for ‘JioSphere.’
Step 2: Now click on the install button and wait for it to finish installing.
Step 3: Now open the app and sign up using your mobile number.
Why? Because if you use ‘JioSphere’ without signing up, you won’t be able to earn JioCoins. That’s why, DON’T FORGET to sign up before using it. The initial step about how to earn JioCoins is to sign up for and consistently use the JioSphere app.
After entering your mobile number, an OTP will be sent, and JioSphere will seamlessly detect it.
Step 4: After completing the registration process on JioSphere, click on the ‘Profile’ option on the upper left icon in the JioSphere app, there you will have your ‘JioCoin’ wallet.
Every time you use JioSphere for any search, you’ll earn JioCoins in return.
Let me explain this in detail.
In the image below, you can see the 14.49 Jio Coins, right??
That is the number of Jiocoins I earned in two days of using the Jiosphere app. However, when I looked into how to earn JioCoins and redeem them, I found no information about the redemption option. I think Reliance Jio still has not revealed any information about how one can redeem earned JioCoins.
JioCoin is Not a Classic Crypto Coin
After its release, many experts compared it with Bitcoin, but it’s not like Bitcoin. Here’s why:
- You can’t buy or sell JioCoins like Bitcoin
- It’s not available on any cryptocurrency exchange, you can only find it in Jio’s Jiosphere browser and only be eligible to earn while using Jio’s other apps such as Jio News, Jio Mart, etc.
One of the biggest myths about JioCoin is its supposed market value. The truth is that there’s no market value for JioCoin since it’s just a reward token that one can earn while browsing Jio apps. You can redeem or use JioCoins on Jio platforms.
Therefore, when people ask, “how to earn JioCoins,” it’s important to understand that it refers to accumulating reward tokens, not investing in a cryptocurrency.
What is the Price of JioCoin?
Launched by Reliance Jio, JioCoin is a reward token based on the Polygon blockchain network. As per the current reports, Reliance Company has still not revealed the actual price of JioCoin, but market analysts have already started speculating on the expected price of JioCoin.
According to them, the expected price is approximately $0.50 (or Rs. 43.30). The objective behind the launching of JioCoin is to introduce blockchain-based technology to a large audience.
To understand how to earn JioCoins, once a person accumulates enough JioCoins, they can use them in the Jio ecosystem for recharges or to shop on JioMart. However, these are just speculations, and no information has been released by Reliance Jio.
JioCoin vs Bitcoin
People often compare it with Bitcoin, but there is a difference between these two. Let’s understand how:
JioCoin
Reliance introduced JioCoin to bring blockchain technology to India. It’s a reward token, not a cryptocurrency, which one can earn only via browsing the JioSphere application.
For those looking for insights on how to earn JioCoins, exploring the features and activities within the JioSphere app is the way to go. According to media reports, one JioCoin costs around Rs. 43.30 which is approximately $0.50. To buy JioCoin, one needs to use JioSphere.
Bitcoin
Bitcoin is the most expensive cryptocurrency. Its total market valuation is $1,987.52, and it costs around Rs. 76,99,294.74. To buy Bitcoin, one must first register on a cryptocurrency exchange platform.
So, What’s the catch…
In a nutshell, from daily searches to earning rewards, using JioSphere allows you to enjoy both benefits in a single app. We tried to enlighten you on how to earn JioCoins and maybe in the future, this JioCoin which currently holds no monetary value could reach the value of Bitcoin or Dogecoin.
So, don’t miss this lucrative opportunity to earn JioCoin. Below, we have covered all the frequently asked questions regarding JioCoin. You should read about that too.
FAQs About How to Earn JioCoins
Q1. Is Jio Coin launched?
Ans. Yes. Reliance recently released its most anticipated blockchain initiative about reward tokens named, JioCoin. It is still in the beta testing stage, but soon Reliance Jio will make the final announcement about the JioCoin, its features, market values, and how one can redeem it.
Q2. How can I buy Jio Coin?
Ans. Reliance clearly indicates that JioCoin is currently not available on any cryptocurrency exchange platform. The only way to earn JioCoin is to use Jio’s JiosSphere browser app. JioCoin is a reward-based coin, meaning the more you use the JioSphere app, the more you will gain.
Q3. How to download JioSphere app?
Ans. To get JioCoin, you need to use the JioSphere web browser app which you can download from Google Play Store.
Q4. What is the value of Jio Coin?
Ans. Reliance has not revealed any information regarding the JioCoin market valuation. However, according to speculation, this new digital coin can be used only in Jio apps like recharges, shopping, etc.
Q5. Where can I use Jio Coins?
Ans. According to media reports, Reliance JioCoin can be used in several ways, such as:
- Jio mobile recharges and broadband plans
- Shopping on JioMart
- To avail of exclusive offers and discount coupons.
We hope this article will be helpful to you. Stay tuned for upcoming articles.
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