Polygon labs, the firm behind the widely used polygon block Existing services. This week, a new crypto token, called jioCoin, started appearing on the Telecom Operator’s Jiosphere Browser App. The reward token appears to have ben silntly rolled out, with neither jio no polygon having shared any details about the feature. Meanwhile, The Jiosphere Browser Sheds Some Light on How JioCoin will work.
JioCoin token available on Jiosphere for Android and iOS
JioCoin tokens are currently listed on the jiosphere app for iOS and Android. These tokens will be Arriving song for desktop version of the browser song, according to the jiosphere website,
The jiosphere app for Android Reveals that the company will issue jiocoins as reward tokens, which can be collected to earn rewards. The app also reviews that users with an India-based mobile number will be eligible to receive jioCoin tokens.
JioCoin Seen in the Jiosphere App for Android (Tap to Expand)
Photo credit: screenshot/ jiosphere
Users can view details about the new jioCoin under the ‘profile’ section on the jiosphere app – it is located under their username. It requires users to sign in to the browser, using their phone number.
The jioCoin tab shows zero balance for new sign-ups. Its description reads, “Engage with Jiosphere to see the rewards roll in!”. Gadgets 360 was able to verify the presence of the feature on Jiosphere for Android.
Tapping on this tab will redirect users to the jioCoin wallet page. Each wallet appears to be assigned with a unique address comprised of alphanumeric characters and numbers. The wallet page also says that jiosphere users can unlock rewards for engaging with the browser. These reward tokens can later be redeemed to “save on transactions”, according to the details including in the app.
Jiosphere has become the first app from the telecom giant to be equipped with a wallet that can store jiocoins. As users engage with the browser and earn rewards, these tokens will be deposited in their designated wallets. “The value of the tokens is also determined bases user engine,” The Faq Page for JioCoin Says.
For now, there’s no word on how users can redeem their jioCoins, or whather they can be tradeed like regular cryptocurrencies. More information on the subject will be available shortly within these in -pp wallets, according to the faq page.
The role of polygon’s blockchain
The Blockchain Firm Told Gadgets 360 on Tuesday that Its Polygon blockchain Is powering the integration of these web3 wallets with jiosphere. “Polygon labs is excted to announs its first integration with jio platforms limited. Products in the works, “a spekesperson said in a prepared statement.
According to Aishwary Gupta, The Global Head of Payments at Polygon, this partnership with jio is one of its biggest in the country to date. Jio and polygon announced their partnership on January 16. Le to over 450 million users.
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