This comes in the background of the RBI expressing concerns over any privately held 'virtual coins' and cryptocurrency continuing to remain a subject of debate among India’s policymakers. Globally, though,

Indian telecom giant Jio Platforms, owned by billionaire Mukesh Ambani, launched its reward-based token, JioCoin, on the Polygon network. On Jan. 16, users on X noticed JioCoin integrated into Jio’s proprietary JioSphere browser.

Reliance Jio launches JioCoin on Polygon, rewarding users via JioSphere browser for engaging with its ecosystem.

Mukesh Ambani’s Jio Platforms Ltd a unit of Reliance Industries has reportedly launched JioCoin, a reward token, on the Ethereumlayer 2 network Polygon. However, no official announcement about JioCoin, but a lot of users have seen the reward token was mentioned on JioSphere, a browser that works with both iOS and Android smartphones.

Jio Platforms launches JioCoin, a reward based token on Polygon, for Jio users to earn rewards for browsing the internet.

Jio Platforms has launched JioCoin, a reward-based token built on the Polygon network, integrated with its JioSphere browser. JioCoin is not yet transferable or redeemable, with no official utility announced. Critics have raised concerns over the token's transparency and functionality.

Reliance Jio, India’s largest telecom operator, has launched a reward token dubbed JioCoin on the Ethereum layer 2 network Polygon. While there has been no official announcement from the company as of publication time,

Jio Platforms Ltd (JPL) a technology company and a subsidiary of Reliance Industries Limited, has entered a strategic partnership with Polygon Labs, the developer arm of Polygon Protocols for its Web3 and blockchain debut in India.