There are lot of news all over the X about a coin name Jiocoin and many crypto news outlet reported it as well. I haven't seen any official announcement yet but people claim they are already noticing the integration on Jiosphere (not sure what's it either). But basically what I understand from the available data is jiocoin is a token running on polygon network that can be earned via mobile recharges, purchase at reliance store and many more ways which are still unknown.
And it's very much similar to BAT token from brave browser which was quite popular in it's days so my question is if this becomes true then Jiocoin is going to change the fate of crypto in India because Ambhani knows that 30% capital gains and 1% TDS will be a hurdle for their marketing so I am sure he will do anything in his power to make it changes more friendly, that is the reason for the title, "Light at the end of tunnel" followed by big question mark.
You could have continued the discussion in the previous thread
Jio Partners with Polygon to implement Web3 applications as it resembles the same news.
Coming to the point, even I got to hear about Jiocoin which can be earned using the Jiosphere browser.
As you said, it reminded me of BAT token but that wasn't a huge success but lets see how Jiocoin makes it different than BAT.
I just checked it's website and it's just another regular browser and Jiocoins can be earned by interacting with mobile based apps by JPL(Jio Platforms Limited.
Source:
https://jiosphere.com/index.html