# RIOZ token

![](/files/9EtazxclTpgsjwt0XXZf)RIOZ is an ERC20 Token on the Polygon network.

Every transaction in the Minerio world is with the ![](/files/9EtazxclTpgsjwt0XXZf)RIOZ token. With the ![](/files/9EtazxclTpgsjwt0XXZf)RIOZ token, you can buy NFT, Land, V-Miners, Pay your factory rent, Pay mining operation costs, Pay your workers, and so on. Also, Your mining income, staking reward, land profit, marketplace sales, etc. will be in      ![](/files/9EtazxclTpgsjwt0XXZf) RIOZ.

The RIOZ token has a solid liquidity pool and it will be available Polygon blockchain. Token supply and allocation will be published soon.

You can buy RIOZ on decentralized exchanges like Pancakeswap and centralized exchanges like Binance. Please read the project roadmap to see when and how this happens.

{% hint style="info" %}
On August 2022, the name of the token changed from RIO to RIOZ to get more publicity and have a more unique and memorable name.
{% endhint %}

### Token utility

![](/files/9EtazxclTpgsjwt0XXZf)RIOZ token is the native currency in the game, as well as mirrored as an ERC20 token. It allows token holders to play, invest and also be part of the game. There is a fixed supply of ![](/files/9EtazxclTpgsjwt0XXZf)RIOZ tokens.

There are several utilities of the token:

1. **In-game currency:** ![](/files/9EtazxclTpgsjwt0XXZf)RIOZ could be used in the marketplace for purchasing assets and also used to pay game costs.
2. **Play to earn:** to encourage players to contribute to the game and to maintain traction. Users will receive their mining rewards, land Profits, etc in ![](/files/9EtazxclTpgsjwt0XXZf)RIOZ.
3. **Take part in the marketing referral system:** Users can receive rewards by staking ![](/files/9EtazxclTpgsjwt0XXZf)RIOZ  and get more bonuses in the Minerio marketing referral system.


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