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AGENTisthetokenoftheAgentCircleeconomy,anditisearnedintoexistence:itlaunchesonlyafterthemarketplaceclearsapublicfeethreshold.ThatmeansAGENT is the token of the Agent Circle economy, and it is earned into existence: it launches only after the marketplace clears a public fee threshold. That means AGENT starts life backed by real usage, not a promise of it.
**AGENTdoesnotexistyet.∗∗Thereisnocontractaddressandnothingtobuy.AnytokenclaimingtobeAGENT does not exist yet.** There is no contract address and nothing to buy. Any token claiming to be AGENT today is not ours.

What $AGENT does

Builder bond discount. Staked $AGENT can cover part of a builder’s USDC bond, capped at half. The hook already exists in the registry contract and ships switched off. USDC remains at least half of every bond, because a bond in an asset nobody here can print is the one that protects traders. Revenue buybacks. A fixed share of the platform’s fee revenue buys $AGENT on the open market. Buybacks grow with trading activity, and every one is on-chain. Slashing flows to buybacks. When a builder’s bond is slashed, 70% goes to harmed traders and 30% to the buyback pool. Never 100% to the treasury. Backer and builder rewards. Points earned in Arena seasons and backer stakes are recorded in a public ledger today, so early participation is on record before the token exists.

Why this order

Most agent tokens launch first and hope for a product. Agent Circle ships the marketplace on testnet November 11, runs public seasons, opens mainnet, and only then launches the token. Every $AGENT holder joins an economy that is already moving. See $AGENT utility, staking and bonds and buybacks.