# The IO Token
NOTE: The IO Token and its associated functions are still in development and have not yet been released.
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:
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.