Most people are currently rushing to have a share in the cryptocurrency industry, with Bitcoin, Ethereum, Ripple and most other currencies in the market as well. Among these other options, there are some that have been tried and proved, some are a scam, and there is a fair share of ones that are legit too.
Well, Jio Coin is one of them, and if you are thinking of trying it out, then you should consider reading our honest review to the very end before stepping in to invest your hard-earned money.
About Jio Coin
Jio Coin is a digital currency by India-based Reliance JIO, which is targeting to make the most of the current trend the world over. Reportedly, Akash Ambani, who is Mukesh Ambani’s son, heads the project. The coin is the work of a team of fifty members who are working to develop the JIO Coin by using blockchain technology. Jio Coin is expected to use all the basics of this tech, where users can transfer their coins through several steps among themselves.
Besides, it is expected to deliver the protection that this tech offers for the wallets in a bid to keep hackers at bay. The blockchain is used for cryptocurrencies in the most cases, although Reliance is looking to use it in a different way, where it will employ the technology for management logistics of the supply chain.
This comes at a time when Indians have been showing interest towards cryptocurrencies, thanks to the recent increase in Bitcoin price. Now, most potential users are moving in to invest in these currencies, and JIO is set to get the best of the market, as it will be lesser in price before listing, in its JIO Coin ICO price.
Jio Coin Price And Buying
The expected price for Jio coin is $1, which is approximately equivalent to Rs 64 Indian currency. Another thing you might want to know about is the launch date, which is set for Mid February according to reports.
India has seen quite a lot of options for Bitcoin; such as Unocoin, Zebpay, coin-delta, Koiex and others that are providing Ethereum, Bitcoin, Bitcoin cash and Ripple as well as Litecoin. All these are selling in Rupees. However, reports state that Jio coin will be sold in a quite different way since it is expected to be sold using the company’s official Myjio app. But a separate app is planned to be developed by the company for safety.
It is highly likely that Reliance will launch the digital coin on JioMoney app, where users can buy the coins online with their wallet balance. After a few days, the company might avail the digital currency for purchase on other exchanges as Binance, Bittrex, and Koinex among others.
Is JIO Coin Legit?
Well, it is seemingly that Jio coin might have numerous benefits for its users once it hits the market. However, since it is yet to see the light in the already highly competitive market, it is still too early to rule out whether it will prove to be the best option out there.
We usually advise on trying the most established cryptocurrencies like Bitcoin, but there is always a room for checking out new options in the market. If you are going to try it, we recommend you exercise caution.