Jio Platforms, owned by Indian billionaire Mukesh Ambani, has launched a brand new token referred to as JioCoin.
On January 16, Kashif Raza, the CEO of Bitinning, posted on X that the JioCoin pockets was stay. He added, “You’ll be able to accumulate JioCoins in a Web3 Pockets constructed on Polygon”.
Constructed on the Polygon
$0.4770
community, JioCoin acts as a reward for customers looking the web by JioSphere. That stated, Reliance Jio has not launched any particulars about its function or future use.
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Hypothesis means that JioCoin would possibly finally enable customers to redeem rewards for providers corresponding to cell recharges or purchases at Reliance shops, although no official affirmation has been supplied.
Raza famous in one other submit on X, saying that Reliance Jio operates throughout an unlimited community of firms. He believes JioCoin might play a central function inside this ecosystem, which might turn out to be one of many largest reward packages globally.
Nonetheless, in a January 17 submit on X, Creator Sunil Aggarwal raised issues about JioCoin’s transparency. He questioned whether or not it has a block explorer, verified good contracts on Polygon, or listed particulars about its provide. With out solutions to those questions, he described JioCoin as an experimental venture.
In the meantime, Phantom, a cryptocurrency pockets, lately denied rumors of making a brand new token. What did the corporate say? Learn the total story.
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