YES NO Token

A pair of tokens representing the two possible outcomes of a binary event. The winning token is redeemable for 1 USDC at settlement; the losing token becomes worthless.

Why it matters on AGON

YES NO tokens are the engine for every market on AGON. When you bet on a team to win in a /world-cup/bracket match, you are buying that team's YES token. If you bet against them, you are buying the NO token. This model, pioneered by platforms like Polymarket, provides a transparent and auditable mechanism for wagering.

On AGON, these are ERC-1155 tokens minted on Base. This structure allows you to hold a verifiable, on-chain position for any market outcome. All settlements are processed in USDC, ensuring stable payouts without exposure to native token volatility. This is how we translate a simple sports bet into a tradable crypto asset.

How to apply

The price of a YES token reflects the market's implied probability of an event occurring. A YES token trading at $0.70 USDC suggests a 70% chance of that outcome. The corresponding NO token would trade at $0.30. The sum of a YES and NO token pair always equals 1 USDC.

To apply this, you buy the token for the outcome you predict.

• If you are correct: Your tokens become redeemable for 1 USDC each at settlement. Your profit is 1 - purchase_price.
• If you are incorrect: Your tokens expire worthless. Your loss is purchase_price.

You are not required to hold until settlement. You can sell your tokens at any time on the open market to lock in gains or cut losses based on shifting odds. Some traders hodl for the final outcome, others trade the pre-game volatility.

See also

conditional-token · erc-1155 · cpmm · amm

Trading prediction markets involves risk. Not financial advice.