Reliance Industries ventures into blockchain with Jio Coin, though its official launch is pending. Jio Platforms partners with Polygon Labs for Web3 innovation. Users can earn JioCoins via Jio apps and JioSphere. Valued at Rs 21.99 per token, JioCoins can be used for mobile recharges and shopping discounts.
Mukesh Ambani’s Reliance Industries entered the blockchain and cryptocurrency market with Jio Coin, taking India’s crypto market to the next level. Jio Coin has not yet been officially launched with no publicly available information on its features and uses. However, people are still curious to know about the coin and are eager to know how one can buy it.
Significantly, Reliance’s technology arm, Jio Platforms, collaborated with Polygon Labs to introduce Web3 and blockchain innovation to India. In Reliance’s FAQ section, Jio Coin’s definition is given as, “JioCoins are blockchain-based reward tokens that users can earn by engaging with different mobile or internet-based apps as decided by Jio Platforms Limited (JPL) using their Indian-based mobile numbers.”
As per Wallet Investor, on March 8, 2025, the value of 1 JIO Token is Rs 21.995 with 100 Jio Coins amounting to Rs 2199.529 Additionally, the market cap of this digital currency stands at Rs 38,635,984, with a circulating supply of 1,908,130 tokens. The site did not indicate its trading volume over the past 24 hours, nor did it mention the percentage change during that time.
