What is OVERTAKE token OTK and How Does it Work?

Learn what OVERTAKE (TAKE) is, how the blockchain-based marketplace platform on the Sui network works, the function of the TAKE token, and why this platform is important forWeb2 and Web3 gaming economy.

What is OVERTAKE (OTK)?

OVERTAKE (TAKE) is a blockchain-based marketplace platform built on the Sui network with the aim of connectingWeb2 gaming economyand Web3 through digital asset trading.

This platform allows players to buy, sell, or exchange in-game items, accounts, and other virtual goods safely and transparently.

In the OVERTAKE ecosystem, the TAKE token serves as the primary utility token used for transactions, paying service fees, and accessing premium features. Supported by smart contract-based escrow technology, every transaction is securely executed without the need for a third-party intermediary.

The platform officially entered its Open Beta phase on June 20, 2025, as a first step to gather user feedback before its full launch. While its initial focus is on popular online games, OVERTAKE is designed to expand to other digital assets in the future.

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How Does OVERTAKE Work?

One of OVERTAKE's main strengths lies in its infrastructure.utilizing blockchain technologyto provide secure, transparent, and verifiable transactions. There are three core components that form the backbone of the platform:

1. Escrow Smart Contract

Smart contract-based escrow acts as an automated intermediary in every transaction. The digital assets to be traded are temporarily held by the smart contract until both parties fulfill the transaction requirements. This mechanism eliminates the need for third-party intermediaries and minimizes the potential for fraud.

With automated escrow, buyers and sellers can transact with confidence because the system will not release assets until conditions are met.

2. On-Chain Asset Verification

All traded assets are verified on-chain to ensure authenticity and ownership. This makes the buying and selling process more transparent and reduces the risk of counterfeit or duplicate goods.

On-chain verification also allows users to view asset ownership history, ensuring transactions always remain within a protected ecosystem.

3. AI Tools for Price Analysis

OVERTAKE offers an AI-powered feature that analyzes price movements and provides listing recommendations to users. This allows sellers to set competitive prices, while buyers can determine a fair price range for an asset.

This AI integration makes the user experience more efficient and informative, especially for players looking to maximize the value of their digital assets.

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Statistics Token TAKE (OTK)

The TAKE token has fundamental tokenomics designed to support the sustainability of the OVERTAKE ecosystem:

• Total Supply: 1 miliar TAKE
• Circulating Supply: ±162,05 juta TAKE
• Market Capitalization: approximately $44.85 million
• Fully Diluted Valuation (FDV): $276,75 juta
• 24 Hour Volume: approximately $54.93 million

These figures indicate that the TAKE token has strong liquidity and considerable interest in the crypto market, especially in the gaming token sector and the Web3 ecosystem.

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Register on Bittime to Access TAKE Tokens

Before we get to the conclusion, if you want to buy or observe TAKE tokens, make sure you have register on the Bittime platform. 

Bittime is a local crypto platform that provides easy, secure, and fast access to digital asset transactions, including emerging gaming tokens like TAKE. Registration is quick and can be completed in just a few minutes.

Conclusion

OVERTAKE (TAKE) is a blockchain-based marketplace platform on the Sui network optimized for trading digital game assets.

By combining smart contract escrow, on-chain verification, and AI-based analytics, OVERTAKE presents a modern solution for Web2 and Web3 gamers who want to conduct transactions securely and efficiently.

The TAKE token itself plays a crucial role as the primary transaction tool within the ecosystem and has growth potential as the platform expands to other digital assets.

Overall, OVERTAKE is an innovation worth paying attention to for those interested in the world of digital goods trading, Web3 gaming, and economic opportunities in the blockchain sector.

FAQ

What is OVERTAKE?

OVERTAKE is a blockchain-based marketplace on the Sui network for trading game assets such as in-game items, accounts, and other virtual goods.

What is the function of the TAKE token?

TAKE tokens are used as a means of payment for transactions, service fees, and utilities within the OVERTAKE ecosystem.

How does the smart contract escrow work in OVERTAKE?

Smart contracts hold assets temporarily until both parties fulfill the transaction requirements, making the process more secure and fraud-free.

Is OVERTAKE fully released yet?

Currently OVERTAKE is still in the Open Beta phase since June 20, 2025 to collect user feedback.

Where can I buy TAKE tokens?

You can buy TAKE tokens through exchange platforms that support them, one of which is Bittime.