Jio Coin Price: Mukesh Ambani’s Reliance Jio Coin is the most anticipated digital currency for which millions of Indian investors are eagerly waiting. Despite launching Jio Coin, Reliance Industries has not officially disclosed much about it which raises the question how the Jio Platform can benefit from this project. Here’s a closer look at Ambani’s Master Plan and how they could dominate the crypto market in India.
Could Reliance Jio Coin Dominate the Crypto Market in India
The launch of Reliance Jio Coin was quite similar to the launch of Reliance Jio when Ambani played a master stroke by entering the telecom sector. Initially, Jio offered free data, call and message services which increased the competition in the Indian telecom market and Jio became a multi billion dollar project.
Analyst and crypto expert believes that the Jio Platform is approaching a similar strategy to dominate the crypto market in India. Let us tell you that, when Reliance Jio entered into the telecom industry in 2016, the company started free services like free data, free calls and free messages for a year. With this strategy, Jio not only forced other sim users to adopt their sim card and services but also forced other big players in the telecom sector to follow their strategy.
This master plan like Reliance Jio worked so well and attracted millions of users within a few months. It only took one year to become the leader of the industry. With this similar strategy, Reliance has made many digital businesses successful by offering attractive offers, discount and free services.
Ambani’s Master Plan to Shape the Crypto Market in India
As for Reliance Jio Coin, crypto experts expect a similar explosive move, Mukesh Ambani has played a master stroke by entering the crypto space. If this strategy works then Jio Coin will not only dominate the crypto market in India with a massive users base but also potentially shape the future of India’s cryptocurrency market.
Also Read: Pi Network Price Prediction From 2025 to 2050
How will Reliance Jio Benefit From this Project?
In a partnership with Polygon Labs, Reliance Jio’s entry into India’s crypto market through Jio Coin will allow the company to benefit from several aspects. Here’s a closer look how Reliance Jio benefit from this project:
User Engagement: Reliance Jio Coin allows users to engage in online activity by rewarding them with their Jio Coins. This crypto gamble strategy will not increase deeper user engagement into Reliance’s digital ecosystems but also increase the user base.
Expanding Service Utility: It is expected that Jio Coin will act as an internal digital currency across Reliance Jio ecosystems allowing users to do transactions for mobile recharges, OTT subscription and shopping at Reliance Retails. With this strategy Reliance Jio will generate higher revenue for the company.
Making JioSphere a Major Web Browser: Jio Sphere Web browser could be a competitor of Google Chrome, Mozilla Firefox by allowing users to engage in the Jio web browser.
Also Read: RVNL Shares Trading 37% Below its All-time High, Is it the Right Time to Buy? Here’s What Expert Say
Expanding Adoption of Blockchain & Web3 Technology in India: The strategic collaboration with Polygon Labs will attract mass users to adopt blockchain and Web3 technology in India.
Market Leadership: As India’s First Conglomerate to adopt blockchain technology, Jio will benefit the most.
Expanding Use Cases: Reliance Jio could attract developers to make decentralized apps (dApps) on Jio’s ecosystems which will definitely increase the use cases.
Shaping India’s Crypto Market Future: The adoption of blockchain and Web3 technology could push the government to change crypto regulations in India and attract other big players in the industry to follow the same.
Listing on Crypto Exchanges: As the current regulations for crypto is not favourable in India, Jio might keep the Jio Coin as a reward token (not a conventional cryptocurrency) and ensure smooth operation. However if the regulation changes then Jio Coin could be listed on stock exchanges.
Jio Coin Price May Fluctuate From $0.50
Early Estimates in the business sector suggests Jio Coin price might fluctuate from $0.50 or ₹43.50. Some analysts even believe that Jio Coin could enter the market at $0.50 which is equal to ₹43.50 in India. As per Wallet Investor, one Jio Coin Price equals to Rs 25.64 Indian rupees at the current market, However there’s no official announcement from Reliance Jio.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided in Trademint.in is for educational purposes only and we do not recommend buying or selling any stocks. This information provided is only for reference purpose so we are not responsible in case investors incur any loss based on the information. We provide timely updates about the stock market and financial products to help you make better investment choices. Always conduct your own research before making any investment decision or consult a financial advisor.
