This document introduces POL, the proposed native token for Polygon 2.0, envisioned as a key element in realizing Polygon's vision as the Value Layer for the Internet. It outlines the design goals, utility, and tokenomics of POL, including its role in the Staking Layer, which supports numerous Polygon chains. The document also presents the Community Treasury, intended to support the Polygon ecosystem's ongoing growth, and details the planned migration from MATIC to POL. By analyzing relevant existing token models like Bitcoin and Ethereum, the proposal aims to create a novel asset that improves upon earlier models and underpins the Polygon 2.0 architecture. The authors use economic modeling and simulation to support their design, arguing that POL can establish Polygon as a significant innovation in Web3.