What is JioCoin, How to earn free coins and redeem them?
The JioCoin is crypto-based reward system that has been introduced in partnership with blockchain technology leader Polygon Labs.
Reliance Jio has added a crypto-based reward system called JioCoin. The company developed the JioCoin in partnership with blockchain technology leader Polygon Labs. The JioCoin is not like a typical cryptocurrency. It can’t be used for trading or bought on cryptocurrency exchanges. It is more like a reward for the JioSphere app and website users.
The JioCoin is still not well known among users and many don’t know how the JioCoins can be earned and works. Let’s check the details.
What is JioCoin?
The JioCoin is a blockchain-based digital reward token built on Ethereum Layer 2 technology. It is not work like the traditional cryptocurrencies like Bitcoin. Users can’t trade or buy it on cryptocurrency exchanges in the country and abroad. The JioCoin has a infinite supply thanks to its backend technology. Meanwhile, the Bitcoin has a finite supply.
JioCoin functions more like a reward system for Jio app users rather than a market-tradable cryptocurrency. Moreover, Reliance Jio uses JioCoin to reward its users by engaging with its services.
How to earn JioCoins for free?
JioCoin can be earned for free by using Jio’s apps and services. Here’s how you can start earning your free coins:
- Download the JioSphere app and sign up for the JioCoins program
- Download the JioSphere app (which is currently available on all the platforms- from Android, iOS, Mac, Windows and Android TV).
- Go to the Profile section.
- Sign up for the JioCoins program by using your Indian mobile number.
- Use JioSphere app
Once registered, you can earn JioCoins by using the JioSphere app. It is a web browser and you can use it for almost everything, just like you use other browsers (Firefox, chrome, safari and more). But still, to mention, you can do the following on your new JioSphere browser :
- Browse the web
- Watch videos
- Read articles
- Play games
- Play music
- Search content
- Search for website
- Other Jio Apps
It is further reported that Jio has been planning to expand the JioCoins program to other popular apps like MyJio, JioCinema and JioMart- to make it easier to earn coins via diverse activities.
How to use JioCoins?
While Jio has yet not disclosed on how to redeem these JioCoins. But as per the expectations and speculation, here’s what you can do:
- Redeem JioCoins to recharge Jio mobile and broadband plans.
- Use JioCoins for grocery shopping on JioMart.
- Avail exclusive discounts and offers on Jio services.
What makes JioCoin unique?
Blockchain-based rewards: Secure and transparent reward token system.
Seamless earning process: Automatically earn coins by simply engaging with Jio apps.
Integration across services: Potential to use JioCoins for a wide range of services within the Jio ecosystem.
