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.
Jio Coin Details
As per a 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.
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 approximately in Indian currency.
Jio Coin Launch Date
As stated above, Jio has not announced anything on the coin officially, so we can’t comment on the launch date.
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.
Also Read easy ways to nri’s to invest in India