Jio Coin: News, ICO, How To Buy
Today most Of the People are investing in Crypto Currencies like Bitcoin (BTC) and Ethreum (ETH) and Ripple (XRP) and etc alternate coins. Even those people who don’t know about cryptocurrency is also started investing. But they are investing lots of lakhs and crores rupees in Digital Currency. The rising value of bitcoin is attracting thousands of investors in India. , Ethereum, Ripple etc. to get more profit quickly. Now the Indian telecom operator Reliance Jio is planning to develop its cryptocurrency called Jio Coin.
Reliance JIO Planning to launch their own cryptocurrency because of Present trend Across Worldwide. According to latest News, JIO Launching JIO Coin very soon and this project lead by Akash Ambani son of Mukesh Ambani. Total 50 Members team(average age of 25 years of young professionals) working for developing JIO Coin through Blockchain technology.
Blockchain technology is where we can transfer the coins in various steps for one to another.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. They are also giving protection technology for wallets for safe from hackers’ theft. The technology is mostly used for cryptocurrencies, but Reliance Jio plans to use it for supply chain management logistics.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.
Akash Ambani says “Jio is committed to using Open Source technologies to the better consumer experience. India is on the path to be a technology innovation leader and a technology superpower, and open source community will be a driving force behind this”. There are no official updates regarding Jio Coin and ICO. But considering the popularity of Jio, the rumored price of the coin is $1 which equals to Rs 64 approx. in Indian currency. As per various sources, the total supply may be 1 billion and the coin is launching in 5 Slots where first slot buyer will get the high discount in ICO (Initial Coin Offering), and then the rate will be increased in the 2nd, 3rd, 4th and 5th slots.
Total ICO supply may be 50 million. As per reports From Unknown Sources, JIO Coin ICO will be release in Mid-February. We need to get Official confirmation from Company Soon. Initially, Reliance Jio may launch their cryptocurrency by launching a new website in which you may be able to buy Jio Coins using your JioMoney wallet balance. But after few days, it might become available for purchase on popular exchanges like Bittrex.