JioCoin explained: The way to earn free cash and redeem them?

Reliance Jio has recently introduced a new concept called JioCoin, which has been developed in partnership with blockchain technology leader Polygon Labs.

While not a traditional cryptocurrency, JioCoin is said to be a crypto-based reward system that will offer vast opportunities for Jio users to earn and redeem cash for free. But what exactly is it and how does it work, is still a question for many Indians. Here we bring to you a complete guide to help you understand how these JioCoins work and can be earned.

What is JioCoin?

As mentioned earlier, JioCoin is a blockchain-based digital reward token built on Ethereum Layer 2 technology. And no, it is not like the traditional cryptocurrencies like Bitcoin:

It is not tradable: JioCoin cannot be traded or sold on cryptocurrency exchanges in the country and abroad.

Unlimited supply: Unlike Bitcoin, which has a finite supply, JioCoin’s backend technology makes it limitless.

Reward point system: JioCoin functions more like a reward system for Jio app users rather than a market-tradable cryptocurrency.

Moreover, JioCoin represents a new way for Reliance Jio to reward its customers for engaging with its services.

How to earn JioCoins for free?

Earning JioCoins is said to be easy and involves the usage of Jio’s apps and services. Here’s how you can start earning your free cash:

1. Download the JioSphere app and sign up for the JioCoins program

Download the JioSphere app (which is currently available on all the platforms- from Android, iOS, Mac, Windows and Android TV).

Head to the Profile section and sign up for the JioCoins programme by using your Indian mobile number.

2. Use JioSphere app

Once registered, you can earn JioCoins by using the JioSphere app. It is a web browser and you can use it for almost everything, just like you use other browsers (Firefox, Chrome, Safari and more). But to mention, you can do the following in your new JioSphere browser :

Browse the internet

Watch movies

Read articles

Play games

Listen to music

Search content

Search for website

3. Other Jio Apps

It is further suggested that Jio has been planning to expand the JioCoins application to other popular apps like MyJio, JioCinema and JioMart- to make it easier to earn coins through various activities.

How to use JioCoins?

While Jio has yet not disclosed on how to redeem these JioCoins. But as per the expectations and speculations, here’s what you can do:

Redeem JioCoins to recharge Jio mobile and broadband plans.

Use JioCoins for grocery shopping on JioMart.

Avail exclusive discounts and offers on Jio services.

What makes JioCoin unique?

Blockchain-based rewards: Secure and transparent reward token system.

Seamless earning method: Automatically earn cash by simply engaging with Jio apps.