Mukesh Ambani-led Reliance Jio, India’s dominant telecommunications company, has launched the digital token Jiocoin as part of its blockchain-powered rewards program for its 450 million user base. The new coin has been integrated into Jio’s proprietary JioSphere browser,

According to a blog post by CoinDCX, those interested in investing can purchase JioCoin on their crypto exchange. This makes it available for both Indian as well as global investors. However, the launch of JioCoin has also come under criticism.

Jio Platforms launches JioCoin, a reward based token on Polygon, for Jio users to earn rewards for browsing the internet.

Jio Platforms has launched JioCoin, a reward-based token built on the Polygon network, integrated with its JioSphere browser. JioCoin is not yet transferable or redeemable, with no official utility announced. Critics have raised concerns over the token's transparency and functionality.

Mukesh Ambani-led Reliance Industries' technology subsidiary Jio Platforms recently announced a partnership with Polygon Labs, the developer arm of Polygon Protocols for its Web3 and blockchain debut in India.

Jio Platforms Ltd (JPL) a technology company and a subsidiary of Reliance Industries Limited, has entered a strategic partnership with Polygon Labs, the developer arm of Polygon Protocols for its Web3 and blockchain debut in India.