Overtake ‘TAKE’ Token Begins Full-Scale Distribution with Simultaneous Global Listings
In Brief
OVERTAKE has launched the global distribution of its native TAKE token across multiple exchanges, aiming to integrate the $55+ billion game asset market with Web3 while incentivizing ecosystem participation and real marketplace usage.
OVERTAKE, a P2P marketplace for game assets, announced that it has begun full-scale distribution of its native token, TAKE, through a simultaneous global listing. TAKE was listed on Momentum Finance, a Sui-based decentralized exchange, alongside major centralized exchanges Binance Alpha, MEXC, and Korea’s Coinone.
Overtake’s primary goal is to connect the $55+ billion digital goods market to Web3. The project is supported by well-known partners in the game item P2P trading space—such as ItemBay and ItemMania—whose services reach roughly 30 million gamers worldwide with an annual transaction volume of about $700 million. Building on this foundation, Overtake plans to establish a liquidity hub spanning on-chain and off-chain, directly linking marketplace growth with token economics to return real usage value to token holders and the broader community.
Overtake is a P2P marketplace built on the Sui blockchain that leverages multisig smart-contract escrow to enable safe, low-fee trading of game items, accounts, and in-game currencies. With instant USDC settlement upon trade completion, social login, and gas-fee sponsorship, the platform delivers a “Web2.5” user experience aimed at bringing real Web2 gamer demand on-chain in addition to existing Web3 users.
Seunghwan Oh, CEO of Overtake, said: “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 centers on expanding real marketplace usage and rewarding the community. It provides incentives for ecosystem contributions such as trading, reviews, and verification, and—combined with escrow operations that minimize user disputes—aims for a model in which traders, the platform, and game studios are each rewarded in proportion to their contributions.
Going forward, Overtake will expand trade categories, onboard partner games, and enhance region-specific payment and settlement features to simultaneously grow liquidity, trading volume, and its user base.
▶ Overtake homepage: https://overtake.world
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
