Reliance Jio Testing ‘JioCoin’ on Polygon: What We Know So Far
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Reliance Jio is testing 'JioCoin,' a blockchain-based utility token for its 450 million users, aimed at enhancing engagement across apps like JioCinema and MyJio. While unrelated tokens are trading at $0.18 on DEXs, the official JioCoin remains a closed-loop loyalty instrument on the Polygon blockchain.
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- Polygon Labs executive Aishwary Gupta has confirmed that Reliance Jio is actively testing “JioCoin,” a blockchain-based reward token integrated into India’s largest digital ecosystem.
- Unlike speculative cryptocurrencies, JioCoin is designed as a utility token for the 450 million Jio user base, rewarding engagement across apps like JioCinema and MyJio.
- Traders are cautioned that while unaffiliated “JIO” tokens are trading wildly on decentralized exchanges ($0.18), the official asset is currently a closed-loop loyalty instrument.
According to the Polygon Labs ecosystem BD Head for India, Aishwary Gupta, the Jio team is testing a new cryptocurrency called JioCoin on the Polygon blockchain.
Gupta shared the update in a recent post on X while responding to community questions about ongoing Polygon ecosystem developments.
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