Jio Coin is one of the Cryptocurrency like Bitcoin and Litecoin. You can store it digitally and can do trading. Today worlds involving more in Crypto trading. Every single youngster has knowledge of bitcoins but only a few of them might know about the others Cryptocurrency.
Recently, rumours claiming that Jio will launch its own cryptocurrency named Jio Coin. Although there are many cryptocurrencies available in the market, Jio Coin will have major impacts on Indian Market because it is First Indian Coin by big Players which is Reliance.
Now the question arises, what are Jio coins and how we can do trading? Here I will explain the whole things about the Jio Coins. The post will be updated when I get something new about the Jio Coin. On the basis of current information, I will kick out your confusion about Jio Coin.
What is Jio Coin?
A Jio coin is a cryptocurrency like Bitcoins and It is based on Blockchain Technology .Bitcoins are one of the most popular and expensive Cryptocurrency. There are hundreds or maybe thousands of cryptocurrency in today's market but only a few of them are popular.
Relaince Jio company proclaim that they will launch their own cryptocurrency. It will automatically become popular because of the Jio Brand value and If you are Indian user i think you Know what Jio means when they enter any markets.
For Making JioCoin Mukesh Ambani Make a 50 Members Young team which head is AKASH Ambani son of Mukesh amabani that make it more intresting . Currently Project is initial stage so we waiting for more news and offcial confirmation too.
What are the uses of Cryptocurrencies?
You may think once about the cryptocurrency uses. Why peoples taking more interests in cryptocurrencies? Why they are buying cryptocurrencies in bulks? There are many uses of cryptocurrencies and few of them are the reason for its popularity.
So the first and best uses, Cryptocurrencies are being used for many things like solving Complex probleams of Internet ,trading etc.
What does it mean? Are you still confused about the term trading? In simple and crypto language, trading is a way to make the profit by buying and selling crypto coins. Sometimes, losses also. Since the price of every cryptocurrency fluctuating. So, people buy coins in bulk and sell them once its price increases the buying rate.
These are used mainly for trading purposes. Some use cryptocurrency for commercial purposes.
How to Buy Jio Coins?
You can buy the Jio Coins from different Indian websites after its launch. Currently, the coin is not available for purchasing. Once it will launch commercially, you can do whatever you can do with Cryptocurrencies. It is same as others. You can do tradings and more. As it is Jio coins So, it will be acceptable in all Jio Marketplace. It will be good for you to invest your money in Jio coins.
Should You Invest in Jio Coins?
Yes, you must! It will be profitable for you to invest in Jio Coins. After its launch, its price will increase due to brand value. The second main things about the Jio coins is that it may be acceptable by Jio. So, if you find no profit you can use them to buy products Reliance.