• 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 creating a "healthy and sustainable" token model through a revenue-supported ecosystem.

The TAKE token of the blockchain game asset P2P trading market Overtake has doubled in just three days since its launch, continuing its strong momentum. According to CoinMarketCap data, TAKE rose from a post-launch low of approximately $0.040 to a high of about $0.088. As of August 27, the price is around $0.085, up 114% from the low. The combination of simultaneous launches and product competitiveness has driven rapid trading enthusiasm.

Overtake's product is based on the Sui blockchain, utilizing multi-signature smart contract custody to reduce fraud risk, offering low fees and instant USDC settlement after transactions. Additionally, features like social login and gas fee subsidies provide a "Web2.5" experience, aiming to attract 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 game item P2P trading industry, including ItemBay and ItemMania, which together cover approximately 30 million global players and handle about $700 million in transaction volume annually. Based on this, Overtake is dedicated to establishing a liquidity center that connects on-chain and off-chain markets, directly linking market growth with token economics, and providing real 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 token to grow together and maintain long-term value.

Overtake CEO Seunghwan Oh stated, "The token's price doubling within three days of launch is encouraging, but our focus remains on the product and its actual utility. We will further strengthen key features such as secure custody, low fees, and instant settlement, and promote sustainable growth in collaboration with the community through a revenue-sharing structure. We also plan to accelerate the launch on additional exchanges to expand global liquidity."

Meanwhile, TAKE has quickly gained initial liquidity through its launch on the decentralized exchange Momentum Finance within the Sui ecosystem, as well as on global centralized trading platforms like Binance Alpha, MEXC, and Coinone. Next, Overtake plans to expand its trading categories, introduce partner games, and enhance regional payment and settlement functions in the second half of the year to drive synchronized growth in liquidity, trading volume, and user scale.

This article is from a submission and does not represent the views of BlockBeats.

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