constructing an open-source telecom infrastructure on blockchain.
JioCoin is a new cryptocurrency based on the Ethereum blockchain that will be distributed by your national telecom operator and made available to everyone, anytime, anywhere. This is the core of our business, and mobile network operators will be at the center of our strategy. JioCoin aims to build the world’s first decentralized mobile network, which will extend network coverage, reduce the cost of telecom infrastructures, and reward users for sharing unused network assets. We will initially offer JioCoin to our mobile network partners, providing their customers with seamless access to the digital economy: online remittances, transfers, payments, and ecommerce. We will also provide the necessary marketing and product development resources to nurture the JioCoin ecosystem, in a joint effort with our telecom partners. The JioCoin ecosystem is supported by the Jio token (JIO). JIO is the utility token used to settle every transaction on the JioCoin network, functioning as a cryptocurrency to measure the value of assets and content.