# 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 SmartWeave Token (SWT) 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.