Polygon network is a popular blockchain. In crypto market we have so many networks but not all are so popular and reliable. Few names that we can count on fingers contains polygon. This blockchain is reliable because I haven't seen any news about its halt. Ok the other hand solana is also popular but this blockchain has been down many times.
Polygon network has got a popular and expected big project. Its called jio coin and it's launched by a big telecom company in India. Its Jio telcom and company is biggest by the user base. Now the company has announced its coin known as jio coin. I tried to find official website but I couldn't find anything. I also tried to get white paper but that is also not available.
But I can see the option on jiosphere browser to setup account and wallet. This can be a possibilities that company has not shared much about it expect the launch. We can expect to have more details about it.
Its good if more companies enter web3 space. It can be even better if Google, Meta and many other such brands make a move. This will bring more attention to web3 and userbase will also grow.
Currently only option available to set-up wallet and earn coin by using browser. More to be shared by the company later but this is a good news for user and worldwide web3 community. I'll be trying to find more information over the internet if it's available and also see if I can get any official website or documents by the Jio company.
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In this case, I do not see Reliance to setup the market or exchange for it.
It will have intrinsic value in Jiosphere only.
Can't say how it will go because it's too early to say something. But I think people will join it because it's free for them and jio is a popular name so expectations will be too high