# The IO Token
NOTE: The IO Token and its associated functions are still in development and have not yet been released.
# Overview
IO is the multifunction aoComputer based token that powers The AR.IO Network and its suite of permaweb applications. The IO Token (ɸ) has many uses, including:
Protocol incentives,
Staking by gateways,
Payments for services like the Arweave Name System (ArNS),
Gateway delegated staking
The token acts as a permissionless and censorship resistant medium of common value for the network.