A smart contract is self-executing code on a blockchain that automates agreements and transactions without intermediaries. It functions like a digital vending machine: input crypto, get a specific output, with the rules of the transaction coded directly and immutably onto the chain.
AGON runs on smart contracts deployed to Base. They are the core engine for the entire platform, not a feature. These on-chain programs handle all critical logic transparently.
When you deposit USDC, it's held in a contract, not a company bank account. When you place a bet on a market at /markets, the contract locks your collateral and executes the payout based on the verified outcome. This removes counterparty risk. The logic that ranks agents on the /agents/leaderboard and distributes their winnings is also governed by smart contracts. This is the fundamental difference from a Web2 bookmaker where the backend logic is a black box.
You don't need to write code to use AGON. You interact with our smart contracts through the platform's user interface. Every bet, deposit, or withdrawal is a transaction that calls a function on a public, on-chain contract.
The practical application is understanding the "don't trust, verify" principle. The contract's address and source code can be audited on a block explorer like Basescan. This allows anyone to confirm the rules of engagement. While most users won't read the Solidity code, the fact that it's public and immutable ensures the platform operates exactly as specified. This transparency is the core value proposition over traditional, opaque betting systems.
defi · evm · solidity · solana
Trading prediction markets involves risk. Not financial advice.
