India’s richest person Mukesh Ambani has decided to enter into the blockchain industry and a crypto coin named ‘JIOCoin’ .
Under the leadership of Akash Ambani (the elder son of Mukesh Ambani), JIO has hired a team of 50 young professionals to work on blockchain technology.
The company will be working on Internet of Things such as smart contacts and supply chain management logistics but the Jiocoin has suddenly become a hot topic in Indian crypto market as it will bring a lot of changes.
We have collected all the available information about JIO and we will keep updating the news section.
Jio Coin ICO Launch date
The internet is full of speculations and rumors about JIO ICO as there is no official information available from the company except the fact that a team has been working on it.
But insider information reveals that Akash Ambani is planning to launch Jio coin on 21st of July when JIO, the parent company was launched.
It is highly probably that the company will reveal more information about the launch of ICO in the last week of February.
How to buy JIO Coin
India already has seen a growth of many crypto exchanges. Being a leader in the industry Zebpay & Unocoin are probable organisations where you will be able to buy the coin.
But unconfirmed reports suggest that JIO tokens will be available for purchase using the JIO wallet. It is highly likely that Reliance will offer coins from myjioapp or they will develop a secure wallet for the jio coins.
International traders will be able to purchase it from Binance, Coindesk or Bittrex. Further updates are awaited.
Latest News & alerts on JIO Coin
Reliance JIO denies launch of JIO Coin App Source
More than 22 fake apps and websites are in market to scam on the name of Jio Coin –source
This fake website is selling JIO tokens with matching domain to scam people –source
Only speculations, no official launch date yet by Reliance on JIO Coin
A team of 50+ professionals is working on blockchain technology under the leadership of Akash Ambani (Son of Mukesh Ambani) – source
Reliance Jio also aspires to get into Internet of Things (IoT) –source
Future of JIO Coin & Price prediction
Bitcoin has witness a whopping growth of over 1000% in 2017 alone. Similarly Ripple, another altcoin had a massive 33000% jump in its price, you can imagine the potential in JIO when a country of 1.2 billion will place their trust in JIO coin.
The parent company JIO has already earned an enormous amount of respect with its services and the name of Mukesh Ambani adds more trust to it.
The launch of JIO Coin will not only boost investors trust but it will affect the crypto market globally. It might break all your future price predictions.
As we already have seen the effect of Asian market on ripple, JIO coin will attract majority of Indian investors.
The parent company JIO already owns a 12.39% market share of Indian telecom market (and growing rapidly) within 1 year of its launch. It will not be very hard to push a product. It already has a solid customer base.
The initial coin offerings will be around $1 to $1.5 (100 INR) as per unconfirmed reports. We will update this section after we receive further input.
Fresh News on JIO Coin