Ambani's crypto token is called JioCoin. Launched by Reliance Jio in early 2025, it is a reward-based utility token developed on the Polygon blockchain, designed to encourage engagement within the Jio ecosystem, such as using the JioSphere browser, rather than for public trading.
Mukesh Ambani's Reliance Industries Limited (RIL) has taken a bold step into the blockchain and cryptocurrency space with Jio Coin, signaling a significant shift in India's digital economy. While its official launch is still pending, the initiative aims to integrate Web3 technology into everyday digital interactions.
JioCoin: how Ambani's crypto is transforming India's blockchain space. Reliance (NSE:RELI) Jio's latest project, JioCoin, has sparked interest across India's growing cryptocurrency and Web3 sectors. Developed in collaboration with Polygon Labs, JioCoin is not a conventional cryptocurrency.
Reliance Industries has officially entered the crypto space with JioCoin, a rewards-based utility token developed in partnership with Polygon Labs. Unlike traditional cryptocurrencies, JioCoin is not designed for public trading.
Reliance Jio Enters the Crypto Space
But here's the thing, this isn't your typical cryptocurrency. You can't trade it on Binance or WazirX. Instead, it works more like cashback points that run on blockchain technology. Jio partnered with Polygon Labs to build this token.
Dogelon Mars (ELON) is a decentralized cryptocurrency, started in 2021 by an anonymous team. Compatible with the Ethereum network, ELON, pronounced “Eee-lawn,” is an ERC-20 token. It is named after a combination of the words Doge, Elon Musk, and Mars, and space exploration.
Signing up for the JioCoins programme is very simple.
How to Buy Jio Coin: A Step-by-Step Guide
In 2021, Musk publicly confirmed that he owned BTC, ETH, and DOGE. While there are other cryptocurrencies that use Musk's name and likeness, they are not associated with him in any way.
Jio Coin does not yet have an official launch date. Many are waiting for formal announcements before planning how to engage with the token.
While Elon Musk has never released his own cryptocurrency — and he has no affiliation with the "Musk It" meme coin — the Tesla CEO has in the past regularly referenced Dogecoin, one of the world's most famous meme coins, on his social media accounts.
Jio Coin is not like Bitcoin or other cryptocurrencies. It is a blockchain-based reward token made by Reliance in partnership with Polygon Labs, a leading blockchain company. How is Jio Coin Different? -It is not a cryptocurrency and has no market value.
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It's highly unlikely Dogecoin (DOGE) will reach $10 in the near future, with most analysts considering it a very long-shot scenario due to its massive supply requiring an astronomical market cap, but some long-term, speculative models suggest it's theoretically possible under extreme adoption, major upgrades, and massive crypto market growth, although more realistic predictions place it far below $1 in the coming years.
Key Takeaways. The IRS treats cryptocurrency as property, meaning that when you buy, sell or exchange it, this counts as a taxable event and typically results in either a capital gain or loss. When you earn income from cryptocurrency activities, this is taxed as ordinary income.
Dogecoin, by design, has no token burning mechanism, no cash flows, and no hard cap on its supply. So, it probably won't be making anyone into a millionaire, especially not in 2026. With that being said, there will still be investors who are eager to buy the coin anyway.