According to many crypto data trackers, the current USD price of JioCoin is $0 (zero), and there is no trading volume, which means there is almost no liquidity or exchange activity. So, does that mean it's a market gimmick? Is it on unregulated exchanges, or is it simply another in-app rewards system with no real market value?

The Indian government has made it clear that it will not accept cryptocurrency as legal tender. So my question: Is JioCoin just a market gimmick, a genuine digital currency, or does it just work as a discount voucher in disguise, like Tata Neu Coins?