· TAKE has been launched synchronously on the decentralized trading platform Momentum Finance in the Sui ecosystem, as well as on centralized trading platforms Binance Alpha, MEXC, and Korea's Coinone.
· The token economy adopts a 'market revenue sharing' mechanism, returning value to the ecosystem and committed to creating a 'healthy and sustainable' token model.
The P2P game asset trading platform OVERTAKE announces that its native token TAKE has begun comprehensive distribution and has launched on multiple trading platforms globally in sync. TAKE was listed on the decentralized trading platform Momentum Finance in the Sui ecosystem, and also launched on mainstream centralized trading platforms such as Binance Alpha, MEXC, and Korea's Coinone.
Overtake's core goal is to bring the digital goods market, valued at over $55 billion, into Web3. The project is supported by well-known platforms in the P2P trading field for game items, ItemBay and ItemMania, which serve approximately 30 million players with an annual transaction volume of about $700 million. Based on this foundation, Overtake plans to create a liquidity hub that covers both on-chain and off-chain, linking market growth directly with the token economy, providing real use value to holders and the broader community.
Overtake is built on the Sui blockchain, using Multisig Escrow for custody, achieving secure and low-fee transactions for game items, accounts, and in-game currencies. The platform supports instant USDC settlement after transactions, social account login, and gas fee payment, striving to provide a 'Web2.5' user experience that bridges Web2 and Web3, attracting traditional Web2 player groups onto the chain while serving existing Web3 users.
Overtake CEO, Seunghwan Oh stated: 'Unlike many Web3 projects, Overtake combines the existing demand for in-game item trading with on-chain ownership and custody mechanisms, creating new value and attracting new users in a revenue-oriented way. We have created a healthier and more sustainable token model through a revenue-sharing mechanism based on transaction fees. We are full of expectations for future development.'
The core of the TAKE token economic system lies in expanding the real market use and giving back to the community. It provides incentives for contributions to the ecosystem such as trading, evaluation, and verification, and combines custody mechanisms to reduce user disputes, ultimately forming a model where traders, platforms, and game studios share returns based on contributions.
Looking to the future, Overtake will expand its trading categories, connect with more cooperative games, and strengthen regional payment and settlement functions to simultaneously promote the growth of liquidity, trading volume, and user scale.
This article is from submissions and does not represent the views of BlockBeats.
