· The TAKE token has increased by 114% within three days from its launch low, attracting global investor attention.
· Launched simultaneously on Binance Alpha, MEXC, and Coinone.
· Committed to building a 'healthy and sustainable' token model through a revenue-supported ecosystem.
The TAKE token for the blockchain game asset P2P trading market Overtake has doubled in just three days after its launch, continuing a strong trend. According to CoinMarketCap data, TAKE rose from a low of about $0.040 after launch to a high of about $0.088. As of August 27, the price was around $0.085, an increase of 114% from the low. The combination of simultaneous launch and product competitiveness has driven rapid trading enthusiasm.
The Overtake product is based on the Sui blockchain and uses multi-signature smart contracts to reduce fraud risk, offering low fees and instant USDC settlement after transactions. In addition, features such as social login and gas fee subsidies provide a 'Web2.5' experience, aimed at attracting not only Web3 users but also Web2 players into the on-chain ecosystem.
Overtake's core mission is to connect the $55 billion digital goods market with Web3. The project is backed by leading partners in the P2P trading industry for gaming items, including ItemBay and ItemMania, which together cover about 30 million global players and handle approximately $700 million in transaction volume each year. On this basis, Overtake is committed to establishing a liquidity center that connects on-chain and off-chain markets, directly linking market growth with token economics, and providing actual utility value back to token holders and the community.
The token economy is also designed with long-term sustainability in mind, rather than short-term price fluctuations. A significant portion of business revenue, including transaction fees, will flow back into the ecosystem, allowing the community, platform, and tokens to grow together and maintain long-term value.
Overtake CEO Seunghwan Oh stated: 'It is encouraging that the token has more than doubled in price within three days of launch, but our focus has always been on product and actual utility. We will further strengthen key features such as secure custody, low fees, and instant settlement, and promote sustainable growth together with the community through a revenue-sharing structure. We also plan to accelerate the launch of additional exchanges to expand global liquidity.'
Meanwhile, TAKE has quickly gained initial liquidity by launching simultaneously on decentralized exchange Momentum Finance within the Sui ecosystem and global centralized trading platforms such as Binance Alpha, MEXC, and Coinone. Next, Overtake plans to expand its trading categories, introduce cooperative games, and enhance regional payment and settlement functions in the second half of the year to promote the simultaneous growth of liquidity, trading volume, and user scale.
This article is from a submission and does not represent the views of BlockBeats.
