Reliance Jio plans to launch its own Cryptocurrency 'JioCoin'

glowing10

full member

Activity: 812

Merit: 142

Quote from: Cardilb on January 07, 2019, 01:36:41 PM

its seems 1year you have posted about it ,but jio not launch the cryptocurrency.

Reliance have clarified that they are not launching any such coin and all this are rumors and some of them might even sell such type of coins and scam people. So beware and do not fall in trap so such news. Always verify the news before believing such things.

Cardilb

newbie

Activity: 30

Merit: 0

its seems 1year you have posted about it ,but jio not launch the cryptocurrency.

TusharMali99

member

Activity: 238

Merit: 12

There isn't any strong evidence about this, nor there is any official news about the lauch of Jio Coin.

endlasuresh

full member

Activity: 756

Merit: 103

Quote from: callyf on December 14, 2018, 01:00:44 PM

Hi if this is real then jio coin will reach but the price not go high because this coin I think applicable for one country

Reliance is a big shit company and the price will never boom in the market. please research more about JIO and later invest in them.

callyf

jr. member

Activity: 203

Merit: 2

Hi if this is real then jio coin will reach but the price not go high because this coin I think applicable for one country

amishmanish

legendary

Activity: 1876

Merit: 1157

This was some shit reporting back when bitcoin was around the ATH. (Dec/ Jan 2018). The article you quote in turn quotes this article as its source..
There is typical rumor mongering there. The article quotes, as usual, an anonymous source.

Quote

“The company plans to hire 50 young professionals with average age of 25 years for Akash Ambani to lead. There are multiple applications of blockchain (for the company). The team would work on various blockchain products,” a person familiar with the development said on condition of anonymity.

Then as usual the mail sent for official response from reliance remained unanswered.(As it generally remains with such speculations)

Quote

“One (application) is cryptocurrency. We can deploy smart contracts. It can be used in supply chain management logistics. Loyalty points could altogether be based on JioCoin,” the person cited above said, adding that all of this was “in proposal stage”.

An email sent to Reliance Jio seeking a response remained unanswered till press time.

This news was doing rounds in the India forum back then too. Pretty sure that nothing concrete materialized out of it. We do have to thank Reliance Jio for enabling the data infrastructure to keep things like mining and cryptocurrency have a chance at being mainstream.

Iamrealneha

newbie

Activity: 100

Merit: 0

Well there is just a rumour about the "Jio Coin" But reliance is working with blockchain concept recently they buyed some land in (I forget the name) Grin

I think they will of course adopt or launch their coin in near future although this is speculation for now.

cryptocurrencyguru

member

Activity: 280

Merit: 11

Jio coin is nt true news but Jio is investing huge in blockchain technology they will bring lot of new developments in blockchain market

technosaviour

jr. member

Activity: 49

Merit: 13

Reliance jiocoin will be one more of the thousands shit coins.

But one thing is for sure many fake site will start up.
India has second highest blockchain developers after US, but you will hardly find any good projects.

Look at Tron, EOS, Substratum, Horizen and many other projects and compare with projects from India.

Anyways if India can't embrace Bitcoin I hardly think any place for creativity left except for working for other foreign companies.

Ayan.nanzy

newbie

Activity: 10

Merit: 1

Reliance JIO Planning to launch their own cryptocurrency.JIO Launching JIO Coin very soon and this project lead by Akash Ambani.
A Total of 50 Members team working for developing JIO Coin using Blockchain.There are also security measures taken giving protection technology for wallets for safe from hackers theft. Reliance Jio plans to use it for supply chain management logistics.
Indians shows lot of interest in bitcoins, Ethreum, Ripple and other alt coins. Because Bitcoin Price Increases to 20,000$ in past 2 months. Due to this increment all people kept eye on all crypto coins and investing more number of rupees. JIO Coin Price will be lesser before listing. i.e. JIO Coin ICO Price.
Price: There is NO Official Update about Jio Coin and ICO.The expected price of the JIO coin is 1$.
Launch Date: As per reports from Unknown Sources, JIO Coin ICO will be release in Mid-February 2019. We need to get Official confirmation from Company Soon.
How To Buy JIO Coins Online In India With INR & USD ? :
Reliance Jio may launch their cryptocurrency on JioMoney app in which you will be able to buy Jio Coins Online using your wallet balance. But after few days, it might become available for purchase on popular exchanges.

callyf

jr. member

Activity: 203

Merit: 2

Hi
In this case I have no idea if it is true then the cryptography market increases

Alfred Dulaire

newbie

Activity: 24

Merit: 0

Quote from: dongamk on January 13, 2018, 06:29:32 AM

Most probably shitcoin

well ICO is live but not a single white paper on business project or funds use, no official fbk / telegram whatever page, no information regarding un-allocated tokens, and all of that with 1 jiocoin at 10$ each? how the indian could buy this?

Did I missed some information in my search?
Maybe I did not google well then sorry, because for the moment I don't know what to think about this 2 billions $ project presented with only 5 pictures...

rtwfwfwe

newbie

Activity: 21

Merit: 0

Quote from: sarojan9980 on January 14, 2018, 11:11:53 AM

It's a good idea. Jiocoin is launching means so many people will know about crypto world. So increasing the number of Indian people's in bitcoin forum.

u people cant see the bad side already they cant handle the traffic bitcoin transaction is mess Undecided

we dont need these extra people here

spracrypto

jr. member

Activity: 51

Merit: 10

JOIN TOKEN SALE

I think this good news for all Indian cryptocurrecy lovers. after jio coin launch maybe bitcoin legal in India

sarojan9980

member

Activity: 118

Merit: 10

My Identity Coin

It's a good idea. Jiocoin is launching means so many people will know about crypto world. So increasing the number of Indian people's in bitcoin forum.

shailkumari

member

Activity: 98

Merit: 12

If this comes true, the future of crypto in India will change. If 10 people are investing in crytpo today at least a 1000 more will join when Reliance launches the coin.

Forbiddenone

sr. member

Activity: 585

Merit: 251

It is only rumor ,no official statement from jio .but they should start using blockchain to improve security audit.

Quote from: lifetimebitcoins
link=topic=2742347.msg28066702#msg28066702 date=1515866593

RBI own coin Lakshmi Coin and now in mid of confusion for general public now regarding leagility Jio is coming up with their own coin it seems crypto is legal in india as per inside sources

There is no coin backed by RBI, Lakshmi coin is only startup by few people.

kimochidesh

sr. member

Activity: 518

Merit: 257

Being an Indian I feel really good that my countries top business groups are also understanding and realizing the crypto potential and want to expand their business in it. This move will create a positive prospect of common people and govt. towards crypto-currency n India.

SixOfFive

sr. member

Activity: 630

Merit: 257

Quote from: dongamk on January 13, 2018, 06:29:32 AM

Most probably shitcoin

I don't think so RELAINCE has reputation in market and they will surely maintain it in crypto-market also. They are planning to form their own block chain and soon will announce the concept.
Best part is that if JIO launches its own crypto-coin then we INDIANS have not to worry about the legality of cryptocurrency in INDIA. JIO will surely get a overwhelming response as it would the only INDIAN coin with a already having a good brand value with it.

webtricks

legendary

Activity: 1918

Merit: 1728

Wow! Indians turned enthusiast from the moment Livemint announced this news. But is it really worthy? To understand this situation clearly, I would like to relate Jiocoin situation to the situation of Ecoin as shown in Mr. Robot.

If you watched that series, you must be knowing that E Corp created ECoin in order to gain full currency control in the time of financial crisis. It was for the sole benefit of company. I could smell same intention in the case of Jio too. Similar to E Corp, Reliance is leading conglomerate in India.

If people are happy that launch of JioCoin will clear Bitcoin's way then they must watch Mr Robot once, how E Corp turned down Bitcoin when their coin boomed. It may sound funny but I could relate Jio inch by inch to E Corp.

Launch of Jiocoin if embraced by government can mark the end of Bitcoin.

Topic: Reliance Jio plans to launch its own Cryptocurrency 'JioCoin' (Read 392 times)