Beginner’s Guide: What Is OVERTAKE (TAKE)? The Future of Web2 to On-Chain Trading

Image source: https://overtake.gitbook.io/whitepaper/

1. OVERTAKE Overview: Bridging Web2 and Web3

OVERTAKE migrates assets from traditional Web2 games—such as skins, items, and accounts—onto the blockchain, enabling players to achieve true asset ownership. Built on the Sui blockchain, it employs a multi-signature escrow mechanism to secure transactions and enable fast settlements. OVERTAKE positions itself as a bridge between Web2 and Web3 asset ecosystems, focused on lowering barriers for traditional gamers to trade on-chain.

2. TAKE Token Utility and Distribution Mechanism

Within the OVERTAKE ecosystem, TAKE is the primary token, facilitating trading, staking, governance, and more. Upcoming titles—including Somnis: Rumble Rush, Golden Guardians, and The Red One: Occultation—plan to use TAKE as their in-game currency. Project disclosures indicate OVERTAKE has raised about $7 million, and time-locked vesting and airdrop reward mechanisms govern its token unlocking.

3. Latest Updates: Partnerships, Smart Contracts, and Regulatory Developments

• Partnership Expansion: In September 2025, OVERTAKE announced a collaboration with XOCIETY to drive ecosystem integration and cross-platform asset utilization.
• Contract Launch: Select exchanges have introduced perpetual contracts for TAKE/USDT, boosting liquidity but also increasing risk.
• Regulatory Uncertainty: OVERTAKE faces regulatory challenges in various jurisdictions, including the potential classification as a security.
• Initial Listing Performance: Within three days of its debut, TAKE surged by over 100% from its initial low.

These developments highlight OVERTAKE’s rapid transition from a single trading platform to a vibrant on-chain asset infrastructure.

4. Current Price Performance and Market Insights

Currently, TAKE’s market performance is as follows (subject to change):

• On major trading platforms, TAKE trades at approximately $0.17. This represents a decline of about 3–5% over the last 24 hours.
• At launch, TAKE doubled in value within a few days. It then entered a period of volatility and correction.

Real-world ecosystem adoption and user engagement will drive TAKE’s sustained growth.

5. Key Risks for Investors

• Regulatory Risks: The project may encounter compliance issues or forced liquidations.
• Technical or Execution Risks: Failures in game integration, cross-chain bridges, or smart contract vulnerabilities could severely erode trust.
• Liquidity and Selling Pressure: Token unlock events or large holder sell-offs may cause significant short-term volatility.
• High Speculation: Leveraged trading can yield high returns but also exposes investors to liquidation risks.
• If developers and players do not participate strongly, maintaining token value could be difficult.

6. Looking Ahead: OVERTAKE’s Potential Opportunities

If OVERTAKE successfully transitions the vast Web2 gaming asset market onto the blockchain, it will have considerable growth prospects.

Future opportunities may include:

• Onboarding more games to establish TAKE as a cross-game universal asset;
• Expanding to other blockchains to enable cross-chain asset mobility;
• Integrating additional DeFi features, including staking, lending, and liquidity mining;
• Simplifying on-chain trading to enhance user experience.

OVERTAKE is in its early stages and offers significant promise, but also faces substantial uncertainty.