Mi Coin is a utility application designed for Xiaomi smartphones and tablets, enabling users to earn Mi Coins through participation in the Xiaomi forum. Users must register on the official forum to start accumulating coins, which are awarded based on consecutive login days. The coin earning cycle spans seven days, with rewards increasing each day, incentivizing daily engagement.

These Mi Coins can be redeemed for various prizes within the Mi Coin Store, enhancing user interaction within the Mi Community. Although primarily available for users in India, the app is preinstalled on all Xiaomi, POCO, and Redmi devices, and serves additional functionalities in China for payment processing.