# 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).
The token acts as a permissionless and censorship resistant medium of common value for the network.