**ONE** is the native token of the Polkadot network, a blockchain platform that enables interoperability between different blockchains. ONE serves as the utility token for the Polkadot ecosystem, allowing users to participate in governance decisions, stake their tokens to secure the network, and pay transaction fees.

The supply of ONE is capped at 1 billion tokens, with a portion of the total supply being allocated to network validators, stakers, and early investors. The value of ONE can fluctuate based on market demand and the overall performance of the Polkadot platform.