Mukesh Ambani’s Jio Platforms Ltd a unit of Reliance Industries has reportedly launched JioCoin, a reward token, on the Ethereumlayer 2 network Polygon. However, no official announcement about JioCoin, but a lot of users have seen the reward token was mentioned on JioSphere, a browser that works with both iOS and Android smartphones.

If successfully launched, JioCoin could redefine India’s digital economy, positioning Reliance as a leader in blockchain adoption and financial inclusion.

Indian telecom giant Jio Platforms, owned by billionaire Mukesh Ambani, launched its reward-based token, JioCoin, on the Polygon network. On Jan. 16, users on X noticed JioCoin integrated into Jio’s proprietary JioSphere browser. This followed Jio’s partnership with Polygon Labs to enhance its offerings with Web3 and blockchain capabilities.

Jio Platforms has introduced a new reward token called JioCoin on the Polygon blockchain network. The launch has sparked discussions among users regarding its potential applications, though the company has not yet provided official details about its utility.

Reliance Jio launches JioCoin on Polygon, rewarding users via JioSphere browser for engaging with its ecosystem.

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.