Jio coin -pros and cons

[bestvcc]

Hi guys if you are reading international news ,Indian billionaire ambani they are going to launch a coin called jio coin

pros- They are strongly backing our government ,so government might use it or support it

cons-It will be like ripple ,centralised and infinitive numbers

Your thoughts

ps:) the reason i put it here instead of indian sub forum,international community should be aware of it ,thanks

[hitrawal91]

Yes, even I came to know that Jio coin is going to be launched soon under the Management of Mukesh Ambani's elder son Akash Ambani which will be backed up 50 young professionals to work on blockchain technology. If this coin gets demand from the public and if the government supports the Jiocoin then it will be biggest move and achievement for Mukesh Ambani as this will be our first Indian Cryptocurrency. And I think that if Government will be supporting for sure because they are already planning to make India a fully digital country and on the other hand bitcoin exchanges Indian bank account is getting closed and due to this Indian traders are already in trouble. Let's hope for the best and see how the government treat bitcoin after then Jio coin Launches Officially.

[bestvcc]

Yes, even I came to know that Jio coin is going to be launched soon under the Management of Mukesh Ambani's elder son Akash Ambani which will be backed up 50 young professionals to work on blockchain technology. If this coin gets demand from the public and if the government supports the Jiocoin then it will be biggest move and achievement for Mukesh Ambani as this will be our first Indian Cryptocurrency. And I think that if Government will be supporting for sure because they are already planning to make India a fully digital country and on the other hand bitcoin exchanges Indian bank account is getting closed and due to this Indian traders are already in trouble. Let's hope for the best and see how the government treat bitcoin after then Jio coin Launches Officially.

Good insight ,but hope they won't let us roam in street for food if they ban fiat money ,oh wait there are big chances they might ban the whole fiat money and ask everyone to buy electronic gadgets to use crypto

[Mang Li]

to bad if this coin will be centralised,
because, the dev can manipulated everything even the value from this coin

[btcrich]

Hi guys if you are reading international news ,Indian billionaire ambani they are going to launch a coin called jio coin
pros- They are strongly backing our government ,so government might use it or support it
cons-It will be like ripple ,centralised and infinitive numbers
ps:) the reason i put it here instead of indian sub forum,international community should be aware of it ,thanks

So this is going to be huge for the Indian market and i am sure they have close ties to the government as they are big players in India and his name is listed in the forbes richest persons and hence they will implement legalization for crypto currency ,as earlier there were rumors that they will be banning bitcoin.

[bestvcc]

Hi guys if you are reading international news ,Indian billionaire ambani they are going to launch a coin called jio coin
pros- They are strongly backing our government ,so government might use it or support it
cons-It will be like ripple ,centralised and infinitive numbers
ps:) the reason i put it here instead of indian sub forum,international community should be aware of it ,thanks

So this is going to be huge for the Indian market and i am sure they have close ties to the government as they are big players in India and his name is listed in the forbes richest persons and hence they will implement legalization for crypto currency ,as earlier there were rumors that they will be banning bitcoin.

Yes pros is cryptocurrency will be legal and it will be centralised,but the issue is to promote that coin government will ban bitcoin and all other currencies

https://www.financemagnates.com/cryptocurrency/news/indian-banks-suspending-accounts-multiple-bitcoin-exchanges/

Don't think it will be in future ,in one night they announced all 500,1000 rupee notes are banned .

[quality.crypto]

Hi guys if you are reading international news ,Indian billionaire ambani they are going to launch a coin called jio coin
pros- They are strongly backing our government ,so government might use it or support it
cons-It will be like ripple ,centralised and infinitive numbers
ps:) the reason i put it here instead of indian sub forum,international community should be aware of it ,thanks

So this is going to be huge for the Indian market and i am sure they have close ties to the government as they are big players in India and his name is listed in the forbes richest persons and hence they will implement legalization for crypto currency ,as earlier there were rumors that they will be banning bitcoin.

Yes pros is cryptocurrency will be legal and it will be centralised,but the issue is to promote that coin government will ban bitcoin and all other currencies

https://www.financemagnates.com/cryptocurrency/news/indian-banks-suspending-accounts-multiple-bitcoin-exchanges/

Don't think it will be in future ,in one night they announced all 500,1000 rupee notes are banned .

Not only India many other countries are also facing the same situation but all goverments will consider Bitcoin in coming days because due to growth in the cryptocurrency. Many big investors have involved in this cryptocurrency world, so but for what governments are going to do we have to wait and see.

[lastshootingstar]

Bitcoin is the future ,governments are trying to create fear but they themselves collect as many bitcoins they can

[newinbtc]

first lot of Jio coin is coming soon Which names as pre sale and Total 10 Lakh coins will be Shown on there website and Base price will be approx 0.5$
Disadvantage
The minimum purchase slot is 100 us dollars and After the each sale Price of coin will be double.

Total supply will be 1 Billion Coins

What you think If this info is true. Can this coin beat other coins

Source - youtube channel

[iamTom123]

Hi guys if you are reading international news ,Indian billionaire ambani they are going to launch a coin called jio coin. pros- They are strongly backing our government ,so government might use it or support it cons-It will be like ripple centralized and infinitive numbers Your thoughts ps:) the reason i put it here instead of Indian sub forum,international community should be aware of it ,thanks

As a viewpoint from the distance (since I am not based in India though am also in Asia), this can be a good development and if the government will be supporting this cryptocurrency project then there is a big possibility that eventually the government can see the many benefits that can come from opening the country for the cryptocurrency business including that of Bitcoin. I believe that when the dust is settled, India (as well as Russia) will let cryptocurrency enter the country under a strict regulatory framework to be established by the government...may that day be coming fast so that Indians can go with cryptocurrency with less hassles and fear.

[Blockfolioz]

This has been a great news to the cryptocurrency users, same time those people were culprits who try to benefit out of the people. If you look at the different business they do. On the whole some articles too has mentioned that they are the governing force of the Indian government, so surely they'll try to regulate the usage.

[Cmoh]

This is great that an Indian based company going to launch of a cryptocurrency. Jio coin which will be the first giant of all another available coin now in the market. But, I am interested that whether they are providing some Bounty programs for the free distribution of the coin. If, anybody has the information about the bounty and the site they are launching then inform here.

[bestvcc]

I also hope,there will be a bounty program