Overtake, a peer-to-peer (P2P) marketplace for game assets, has officially initiated the full-scale distribution of its native token, TAKE, through a significant global listing. This token is now available on both decentralized and centralized exchanges, including Momentum Finance, Binance Alpha, MEXC, and Coinone in South Korea.
The TAKE token is designed with a marketplace revenue-sharing model, aiming to provide value to its ecosystem and promote a “healthy and sustainable” token environment. Overtake seeks to bridge the lucrative $55 billion digital goods market with the expanding Web3 landscape. The project has garnered support from established partners in the game item trading sector, including ItemBay and ItemMania, which collectively engage around 30 million gamers and facilitate about $700 million in annual transactions.
Innovative Features of Overtake’s Marketplace
Overtake operates on the Sui blockchain, utilizing multisig smart-contract escrow for secure and cost-effective trading of game items, accounts, and in-game currencies. The platform features instant USDC settlement upon trade completion, social login capabilities, and gas-fee sponsorship. These elements aim to create a “Web2.5” user experience that appeals not only to existing Web3 users but also to traditional gamers.
Seunghwan Oh, CEO of Overtake, commented on the project’s unique approach, stating, “Unlike many Web3 projects, Overtake combines existing demand for game item trading with on-chain ownership and escrow to create new value and attract new users as a revenue-oriented project. By establishing a revenue-sharing structure based on transaction fees, we’ve built a healthier, more sustainable token model. We look forward to what’s ahead.”
The TAKE token economy aims to enhance real marketplace usage while rewarding community members. It offers incentives for contributions, including trading, reviews, and verification. The escrow operations help reduce user disputes, fostering an environment where traders, the platform, and game studios benefit proportionally to their contributions.
Future Plans and Expansion Strategy
Looking ahead, Overtake plans to diversify trade categories, onboard additional partner games, and boost region-specific payment features. These initiatives are aimed at increasing liquidity, trading volume, and expanding the user base.
The launch of the TAKE token signifies a pivotal moment for Overtake, as it seeks to redefine the landscape of game asset trading by integrating blockchain technology into a market that has traditionally relied on centralized platforms. With its innovative model and strong industry partnerships, Overtake aims to establish itself as a leader in the evolving digital goods market.
For more information, visit the Overtake homepage at https://overtake.world.
This article is intended for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making investment decisions.