JioCoin on Polygon Quietly Begins Blockchain Testing Phase Now?
Is India's telecom giant about to shake up the crypto world? Reliance Industries' JioCoin project has reportedly entered a stealth testing phase on the Polygon blockchain—and the market hasn't even blinked.
The quiet build-up
No press releases, no flashy announcements. Sources close to the development suggest the team is stress-testing transaction throughput and smart contract functionality on Polygon's layer-2 network. It's a classic move: build in silence, then let the product roar.
Why Polygon makes sense
Polygon's low fees and Ethereum compatibility offer a pragmatic sandbox. For a project targeting mass adoption in a cost-sensitive market like India, bypassing Ethereum's mainnet gas wars isn't just smart—it's essential. The test phase likely explores real-world use cases: from loyalty points to supply chain tracking.
The finance jab
Meanwhile, traditional finance institutions are still hosting seminars about 'blockchain potential' while actual builders are deploying. Another reminder that in tech, shipping code talks louder than PowerPoint decks.
If JioCoin moves beyond testing, it could bring millions of new users on-chain overnight. The testing phase is the calm—watch for the storm.
JioCoin on Polygon Testing Stirs Curiosity Online
Social media users tagged a senior Polygon executive recently, asking if it has gone live on-chain. Some reports say the testing of the same has already begun on the $POL network, quietly without much fanfare.
Source: X (formerly Twitter)
This is not the first time this has made headlines. In October, for example, there were reports that Reliance Jio had partnered with Aptos for a blockchain rewards program.
Even earlier, last January, JioCoin was launched inside JioSphere browser as a reward token on this platform. Past updates like these indicate that the project has been in the works for a while.
What is JioCoin and how does it work?
It does not function like a regular cryptocurrency. It's more of a reward token than a trading coin. Customers will earn this by using Jio's services: browsing, watching videos, or online shopping. The idea is for the token to be utilized within the Jio ecosystem for mobile recharges, discounts, or special offers.
By keeping it as a utility token, JioCoin on Polygon avoids India's strict crypto taxes, which include the 30% tax on profits and 1% TDS. This also shields users from ups and downs in the market. It allows everyday users to experience blockchain in a simple and safe way.
Why Polygon Is Important for This Project
Polygon is known for fast transactions and very low fees. That is why it suits a project like this, which may someday handle millions of small reward transactions daily. With more than 450 million users in Jio's network, the system needs to be fast, cheap, and stable.
For this platform, though, the partnerships could be massive. If even a fraction of Jio's users start using the blockchain regularly, the impact on Web3 adoption in India could be enormous.
JioCoin Price Prediction
Right now, it is not listed on any exchange, so it has no public market price. The experts believe that if JioCoin on Polygon is ever made tradable someday, the early price may remain low because of the large supply and reward-based structure involved.
Based only on market behavior for similar tokens, a speculative launch range could fall in the range of $0.01 to $0.05. It should be noted that this is just an educated guess and thus not a confirmed prediction.
Final Thoughts
Reliance Jio is seemingly taking a slow and cautious approach in the Web3 space. Although JioCoin on Polygon hasn't been confirmed even to date, recent activity certainly tends to indicate that something is indeed brewing in the background.
If this project were to go into full public use, it could very well become India's largest real-world blockchain adoption story. For now, all eyes remain on Jio and Polygon as the story continues to develop.
This article is for informational purposes only, kindly do your own research before investing.
