What is Jio Coin?
Jio Coin is the cryptocurrency which will be used as an investment tool by most of the customers who are interested in gaining immense monetary profit by doing so. After successfully launching the Jio sim card, which offered helm facilities to their customers, the popular telecom company ‘Reliance Jio’ is gearing up to expand its business by introducing a new initiative in the form of ‘Jio Coin’. By bringing this new features into the market, the company is expecting to establish a strong network in the world of cryptocurrency. (Also Read: Jio Coin Launch Date)
Is it legal to buy Jio Coin?
The government of India has not yet legalized cryptocurrency in India. The Government of India is yet to announce its stand on the matter. This means it is neither legal nor illegal. So buyers need to invest at their own risk. One needs to be careful before investing as he/she has to read the terms and conditions keenly. It could be difficult to make any prediction about the legality of Jio Coin at this stage as a team of 50 members, under the leadership of Akash Ambani, is still working on it. So you need to wait for an official announcement regarding the same. (Also Read: How to buy Jio Coin in India)
Jio Coin Total Market Cap & Coin Supply
As we earlier told about the team of fifty experts is presently working on evaluating and estimating the features of cryptocurrency, the total market cap of Jio Coin is yet to be finalized. Also, the overall supply of the coin is not yet confirmed by the higher authorities and experts’ panel of Reliance Jio company. According to some experts’ prediction, the price of Jio Coin will vary between INR 60 to INR 100. This is not an official confirmation, but the price of the coin is expected to lie in this range. Just stay tuned to us get the relevant updates related to Jio Coin supply.