HomeJio OffersReliance Jio is Planning to Develop its Own Cryptocurrency “Jio Coin”
Reliance Jio is Planning to Develop its Own Cryptocurrency “Jio Coin” January 22, 2018 Jio Offers Pankaj Konwar
The rising value of bitcoin is attracting thousands of investors in India. Even those people who don’t know about cryptocurrency is also started investing in Bitcoins, Ethereum, Ripple etc. to get more profit quickly. Now the Indian telecom operator Reliance Jio is planning to develop its cryptocurrency called Jio Coin. In this article, we will discuss Jio Coin ICO, How to Buy, Price, Launch Date etc. So, scroll down to know details.
Jio Coin Details
As per Livemint Report, The project will be led by Mukesh Ambani’s older son Akash Ambani with a 50-member team (average age of 25 years of young professionals) where they will work on the blockchain technology required for the currency. The blockchain is a digital ledger which stores data such as financial transactions on a cloud and not on physical servers, so it can be shared and accessed in real time. The technology is mostly used for cryptocurrencies, but Reliance Jio plans to use it for supply chain management logistics. Akash Ambani says “Jio is committed to using Open Source technologies to the better consumer experience. India is on the path to be a technology innovation leader and a technology superpower, and open source community will be a driving force behind this”.
Jio Coin Price, ICO
There are no official updates regarding Jio Coin and ICO. But considering the popularity of Jio, the expected price of the coin is 1$ which equals to Rs 64 approx in Indian currency. As per various sources, the total supply may be 1 billion and the coin is launching in 5 Slots where first slot buyer will get the high discount in ICO (Initial Coin Offering), and then the rate will be increased in the 2nd, 3rd, 4th and 5th slots. Total ICO supply may be 50 million.
Jio Coin Launch Date
As I told you above, Jio has not announced anything on the coin officially, so we can’t comment on the launch date. If any updates come from Jio, it will be posted here, or you will also be able to know by visiting official website Jio.com. ICO is likely to start from 1st February to 15th February 2018, and the expected launch date of Jio Coin is 15th March 2018.
How to Buy Jio Coin?
Though there is no official notification, It is expected. Initially, Reliance Jio may launch their cryptocurrency on JioMoney app in which you will be able to buy Jio Coins using your wallet balance. But after few days, it might become available for purchase on popular exchanges like Bittrex. Stay connected to us for the complete buying guide.
Now its time to spread the news to your friends using facebook, twitter etc. If you have any question regarding Jio Coin launch date, price, buy, ICO etc. then feel to comment below. Also, stay tuned to us as we will update the whole article after the official launch.