Many investors are eagerly looking for Jio Coin ICO & official Jio Coin Launch in India. Indian Investors are looking for options to Buy Jio Coin online once launched. The value of bitcoin India has attracted thousands of investors even those who have no idea as it has been proved to make more cash quickly. Reliance Jio becomes the latest Indian telecom operator who is interested in the venture. It is believed they are planning to develop their own cryptocurrency by the name Jio coin.
A fortnight ago, the RBI and the ministry of finance stated that neither the monetary authority nor central bank had authorized the making and use of virtual currency as a medium of payment. The ministry further indicated that the cryptocurrencies did not have legal tender and those that were involved in such transaction did that at their own risk. Amidst this protest, Reliance Jio has continued with their work to see the project trough and later launching it.
Akash Ambani who is the son of Mukesh Ambani will head the new venture Jio Coin and will be assisted by fifty young professionals. The professional hired will work on various different blockchain products. The blockchain technology is precisely a digital ledger whereby transactions that are made in cryptocurrencies are chronologically recorded so that it can be easily shared and accessed.
Being in its maturity stage, the official revealed to the business daily how the new technology will work. They said it will be used in the management of supply chain logistic. In case the Jio network headed by Ambani succeeds, its estimated more than a billion people will access the application.
Jio Coin Launch Date in India ? Does JIO Plan JIO Coin ICO ?
Official information and update concerning the Jio Coin or it’s Initial Coin Offering has not yet been availed to the public. But looking at the already rising popularity of the Jio coin, the approximated price is expected to be 1$ and this equals the Rs64 approx, this is basically in the Indian currency. As per information from various sources in the media, the supply is expected to be about 1 billion and the coin will be launched in 5 slots.
High discount will be received by the first slot buyer in initial coin offering (ICO). The rate will increase to the last slot and total expected ICO supply will be around 50 million. JIO has not given any official updates about the launch because it has not launched yet. any launch updates will be posted on the Jio network website and people can get the first-hand information from them.
Steps for booking Jio Coin ICO with MyJio APP Once Launched!
Many people are probably looking how they can buy this but all we know is there are many wallets out there such as Koinex, Zebpay, Bitcoin cash, Ripple, Litecoin and a lot more that are out there. the big question that now stands is how the company will put out the pricing of the Jio Coin buying and how people will have to buy the Jio coin online in India using INR and USD$.
As it is not yet officially launched, one cannot be able to buy the Jio coins. With the updates received from the Jio website, the company will sell the Jio coin using the app by the name MyJio. The company further stated that a much more safe and secure separate application will be availed after being developed. Now this put the selling of the Jio coin online in balance.
The record received by our team indicates that the Jio coin ICO chart is going to be availed soon. The chart will help easily to predict the price of the Jio coin and late help you to make the decision to buy the Jio coin ICO. The jio coins in the MyJIO App will go for several days and later linking up with popular exchanges.
Is Jio Coin ICO Buying Worth or Not?
Before buying the Jio Coin Token or ICO , one should have proper knowledge of how it works. Look at other similar investment and find out how they have performed because as per every success, a risk must have been taken. Buying Jio coin may be worth if one knows what he/she is doing, this type of investment of making quick cash is not easy as people might see it to be.
The form of investing that will be seen in Jio Coin ICO will be similar to others lets say bitcoin. The investors will have to buy the Jio coins that will be available the MyJio App and hold them for sometimes with hopes that the currency will appreciate in value. This being the case, you have to decide for yourself if this is the best time to buy the coins when you think their value will appreciate.
When investing in this type of investment, you are advised to invest in what you are willing to lose this will be a risky investment. After buying the Jio Coins and Jio Coin ICO, make sure you move the coin into your personal wallet and not at the exchange.
Also see my Jio Coin App review 🙂
Fake Jio Coin App In Google Play Store Exposed !!
A few days ago, a fake website peddling the name of Jio Coin App surfaced online and now the Google play store is flooded with fake apps that claim to be linking up with the Jio coin. But reliance Jio has come out strongly to deny claims that it has launched its application.
The reliance Jio has warned the public to stay away from downloading the apps as the fake app main aim is to mine personal data. The security experts have also weighed in this matter and Shomiron Das Gupta who is the founder of cybersecurity firm says that some of these apps contain a malware that is hidden which uses phone processing power to mine the cryptocurrencies that are in the background.
One of the apps that contain the Jio coin in their name asks the users allow the application to find and access accounts in the device. Find contact, share location, control vibration, and receive data from internet and much more dangerous requests.
Google has become on the receiving end facing much criticism for letting fake application thrive on their site. Comparing play store with apple app store that allows apps on their store to be listed after a long verification process.
A third warning was issued last month by the reserve bank cautioning the investors on concerns raised. RBI had clearly indicated that it had not given any authorization or license for operation of search schemes that deal with virtual currency. This has made the government constitute a panel that is under economic affairs secretary to look deep into all issues around cryptocurrencies.
RBI argues that virtual currency is prone to lose as they are stored in a digital electronic form which can be hacked. Since this form of investment is not conducted on the authorized central registry, loss of the e-wallet will be permanently and will not be easily tracked down. The RBI reported that most of the businesses conducted on this platform are majorly illegal and illicit as there is no information of counterparties.
My Opinion:- JIo Coin & Jio Coin ICO will be good investment opportunity for Indians
With the tag of war being witnessed between the government and various cryptocurrencies traders like Jio coin, a lot of people are waiting to see if a date will be availed by Reliance Jio to launch their Jio Coin ICO product. The Jio coin has caused a lot of frenzy in the market but the developers have kept maim on when they will release their application.
The Jio coin and other trading business that is dealing with cryptocurrencies have awakened the government scanner across all nations in the world. This is because of their pricing which has attracted more speculators. Our site will continue to provide updates on Jio coin-if it is going to launch.