Bitcoin vs JioCoin: Bitcoin or Mukesh Ambani’s geocoin? Know which is beneficial for you

Bitcoin vs JioCoin: Are you planning to invest in a cryptocramentcy? We will give you information about bitcoin and live coin. Currently Bitcoin Crypto has emerged as the strongest currency in the world, while Mukesh Ambani’s Reliance Jio has taken a historic step and has entered the Cryptocurrency sector by partnering with Polygon Labs. The company has introduced a blockchain-based reward token called Geocaoin, which promises to revolutionize digital transactions in India. This initiative is Reliance’s first major start in cryptocurrency.

What is bitcoin?

Bitcoin is a virtual currency, which is continuously increasing after Donald Trump won the US presidential election. After the declaration of US election results on 6 November 2024, the price of bitcoin rose. Currently, the price of 1 bitcoin is about Rs 91,05,605 in Indian currency.

A large amount has to be invested to buy bitcoin. It is important to keep in mind that the faster the cryptocurrency grows, the faster it can fall. In India, 30 percent tax, 4 percent cess and 1 percent TDS are applied to the income from crypto. In this way, 35 percent of your income will be cut as tax.

What is jio coin?

Recently, according to reports, Jio Coins are appearing on some Jio platforms. Jio Coin has been introduced as a blockchain-based reward token. These tokens can be earned by interaction with various apps and services of Jio, such as MyJio and JioCinema. Apart from this, it is also being told that these tokens can also be earned by browsing the Internet using Jiosphere browser. At the moment, these tokens are being stored in users’ polygon wallets, but they cannot be transferred or sold right now.

How to earn geocoin

Currently, there is no option available to buy Jio Coin. To earn this, users will have to use geosper browser. Interested people can download the geosper browser on their Android or iOS devices. To earn geocoin, first users have to sign an up in Geocoin program. This process can be completed through the profile section of the Geosper app. Then click on the profile icon and select the Jio Coin Wallet Option. After logging in, users can start earning tokens.

Which is beneficial?

While bitcoin is considered an expensive investment, Jio Coin can be called very cheap or almost free. Jio Coin will be provided to Jio users without any fee. Also, Jiosphere browser can be gradually earned as a rewards. The special thing is that these free live coins will be deposited in the polygon wallet provided through the app. The official price of this virtual coin has not been disclosed yet. Given the success of bitcoin, people are speculating that it may make people a millionaire in future. But Reliance has not yet released any official information about this project.

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