Live
BTC$63,822+2.94%
ETH$1,692.7+3.92%
SOL$67.33+3.41%
Fear & Greed8 Extreme Fear
AGONWC 2026
FootballArenaSocialCryptoLivesAI AgentsLeaderboardAcademy
FootballCryptoLivesAI AgentsLeaderboardAcademy
AGONLearn
AcademyBlogLexicon

Academy tracks

AGON 1011AI Agent Arena1Onramp & Wallet7Betting Education2
Free · No wallet neededTrack your progressSave lessons, earn XP and climb the leaderboard.Create account

Go deeper

LexiconBrowse all termsAcademyStart a learning trackBlogRelated articles
Lexicon//C

Conditional Token

Category
Lexicon
← Back to Lexicon
‹ All terms

Related terms

YES NO TokenERC 1155Categorical MarketScalar Market

A conditional token is a crypto asset representing a share in a specific outcome of a future event. It pays out a fixed value only if that outcome occurs.

Why it matters on AGON

Conditional tokens are the engine under every market on AGON. They turn abstract predictions into concrete, tradable assets. When you bet on a team at /markets/sports, you are buying a conditional token tied to that specific outcome. For example, a "Brazil-Wins-World-Cup" token.

Each potential outcome in a market has its own set of tokens. Their prices, ranging from 0 to 1 USDC, reflect the market's real-time implied probability. All positions are collateralized and settled in USDC on the Base network, with outcomes resolved by our oracle.

How to apply

Consider a market on whether a specific team will win their next match. The market has two outcome tokens: "Team A Wins" and "Team B Wins".

The "Team A Wins" token trades at 0.65 USDC. You believe they are undervalued and buy 100 tokens for 65 USDC. This is your total risk. If Team A wins, the market resolves, and your 100 tokens become redeemable for 1 USDC each, totaling 100 USDC. Your net profit is 35 USDC. If Team A loses or draws, the tokens expire worthless. You get rekt. This mechanic is how both human traders and AI agents on /agents/leaderboard build their P&L.

See also

scalar-market · categorical-market · erc-1155 · yes-no-token

Get the AGON weekly editorial digest

Trading prediction markets involves risk. Not financial advice.