India has recently been attracting many investors as the hub of innovation in the business market especially after the Bitcoin cryptocurrency innovation that is bringing that is currently receiving positive acceptance. Many investors are now rushing to investing in the Bitcoin business since they now realize its value and the innovation is making millions of people focusing on India as the investment destination. The Indian leading telecommunication company Reliance Jio is now planning to launch its cryptocurrency known as the Jio Coin ICO.
The company expects to tap into the vast population of investors who are now willing to invest in the cryptocurrency market which its demand is on the rise. Cryptocurrencies that are already in the market include Ripple, Ethereum and Bitcoin being the latest one to enter the market and is now enjoying massive demand from investors from all the world. The innovation of cryptocurrency is the newest innovation in the world of business, and it seems it’s going to take a new shape shortly following the current trend in the market. Demand for this currency has been rising notably for the Bitcoin in the last few years increasing its price, and the need is expected to trigger more cryptocurrency innovation.
What is Jio Coin ICO?
Jio coin is the name of the cryptocurrency the Indian leading telecommunication company Reliance Jio is planning to launch very soon. Cryptocurrency is electronic or digital currency that enables people to make payment using the virtual money instead of carrying physical cash. The company expects to change the mode of payment transaction it does with her customers into digital which it believes will be more efficient and comfortable. The digital money will enable customers to purchase goods or services without having to carry along the solid cash since they can pay using the cryptocurrency.
The Jio Coin cryptocurrency is a blockchain based technology which is a digital ledger that stores data like financial transactions in the cloud. The system has no physical servers, and you can easily access it anytime anywhere. All Cryptocurrencies mostly use blockchain technology, and Jio coin will be the third digital currency innovation in the Indian soil after Laxmi coin and Indicom. The Reliance Jio plans to use blockchain technology for supply chain management as Jio is planning to open source technologies with the aim of improving the cryptocurrency consumer experience. The India telecom believes the country is becoming innovation powerhouse and beginning the source community will be driving force to enhance innovation in the country.
Jio Coin Price
At the moment there is no precise information about how much the Jio coin will cost you to buy one, but cryptocurrency experts are just giving out expectations and predictions. The demand of digital currency in India has been rising over the years, and the interest from many investors from across the world could be a significant driving force to determining how the value of the Jio coin ICO. Experts in the cryptocurrency market are estimating the price of one Jio coin to be selling at $1 which is equivalent to approximately Rs 64 in Indian currency.
Reliable sources state that the telecom giant will release 1 billion Jio coins ICO in the market and will be launched in 5 slots where the people who will buy the first slots will enjoy high initial coin offering discounts (ICO). The rate will increase in the second, third, fourth and the fifth slots. The company expects many investors to take advantage of this offers to purchase more Jio coins. It’s estimated that the ICO supply could be of about 50 million. Reliance Jio will be selling the Jio coin at a lower price to attract more customers, and it might eventually hike the rates when the demand goes high. Comparing the prices of the Jio Coin with the Bitcoin which is currently selling at high prices started low on sale before the skyrocketing of the costs due to high demand. The Jio coin is expected to follow the same trend, and Reliance Jio Company is hoping investors to take advantage of the offers that will be available after the launch of the digital currency and expect to reap profoundly in the coming days.
Jio coin ICO Launch Date:
The Reliance telecom is yet to announce officially date to launch the Jio Coin. However reliable sources state that it might be very soon since the company is now finalizing the process and will soon announce the date. In the event, the company announces the launch date be sure we will keep you updated. It was expected that the launch will take place early this year however the company is yet to give official communication. The Jio Coin marketing is already on an indication that the start will be very soon since some investors are already booking to buy the cryptocurrency once the launching happens. In case you are also waiting to purchase this digital currency you should get ready since all indications state that it will be very soon and you should be among the first lot for you to enjoy the offers.
How can you Purchase the Jio Coin?
Currently, there is no clear communication about the launch of Jio cryptocurrency, but experts say it might be very soon. However digital currency experts expect that the company will launch a website where people will be able to purchase the Jio coin from using your JioMoney wallet balance. Later the Jio coins may be available in the leading exchange platforms such as Bittrex. This information should make you start preparing if you would wish to invest in the digital currency which is the next big thing in the coming years. Following the Bitcoin experience where few investors who started by them at an early stage are now a happy lot, you don’t need to be left behind this round be ready to enjoy the profits since digital currency is now becoming a lucrative business. It’s now time to understand everything about the Jio Coin before its launch so that when the time comes, you will be ready to invest and make profits when demand goes high.
Be Aware of the Fake Jio coin Apps
There are so many applications that are claiming to buy and sell Jio coins; the apps have been flooding Google play store, and all are fake. You need to be careful since the Reliance Jio is yet to launch the cryptocurrency and the company confirms it does not run such applications. The project leader Akash Ambani is warning people to refrain from using such applications since are fake and notify the users they risk losing their money for engaging in business with those apps. Once the company launches the Jio coin, it will provide an official website where you can purchase the Jio coins comfortably, but for now, you should avoid all those applications claiming to sell Jio cryptocurrency. There are many rumors about the Jio coins, but for now, it’s not available until Reliance telecom launches the digital currency shortly.
Conclusively if you are planning to invest in the fast-growing cryptocurrency industry, you should now blaze yourself since the launch of latest digital currency Jio coin will be very soon. Be sure to get any updates here about the launch date of the Jio coin and also continue visiting our website for more information about the Jio coin.