What is OVERTAKE? The Next-Generation Game Asset Trading Paradigm Based on Sui

Abstract

Driven by the wave of Web3 and GameFi, game asset trading is experiencing a shift from centralized platforms to decentralized ecosystems. OVERTAKE is a peer-to-peer game asset trading market built on the Sui blockchain, aiming to ensure transaction security and instant settlement through on-chain smart contract escrow while simplifying the Web3 access experience for Web2 game assets. OVERTAKE redefines players’ ownership and trading methods of game assets.

Key Points

• OVERTAKE is a P2P market for game assets built on the Sui blockchain, providing multi-signature escrow smart contracts to ensure transaction security and instant settlements.
• TAKE is the native token of the OVERTAKE platform, closely tied to platform fees, reward distribution, and token governance.
• Core features include: Sui’s object-oriented architecture, parallel execution, zkLogin user experience, modular infrastructure, and more.
• OVERTAKE focuses on product fundamentals, user experience, and execution speed, avoiding complex financial designs and pursuing an application-driven path.

1. What is OVERTAKE?

1.1 What is OVERTAKE?

OVERTAKEis a decentralized game asset trading platform built onSui Networkthat aims to bridge the gap between traditional Web2 games and Web3 on-chain trading. OVERTAKE allows players to safely and at low cost trade in-game items, accounts, virtual currency, and other digital assets, realizing trust minimization and instant settlement through smart contract escrow. Its core mission is to enable players to truly ‘own’ in-game assets.

Its architectural design is based onSui‘s high performance and object model, allowing game assets to naturally map to on-chain states with high scalability and transparency.

1.2 OVERTAKE Technical Architecture

• Blockchain Layer: Based on the Move smart contract language of Sui, achieving horizontal scalability and low gas fees.
• Escrow Mechanism: Employs a 2/3 multi-signature smart contract (buyer, seller, platform) where funds and assets are automatically released when conditions are met, eliminating risks from centralized intermediaries.
• AI Assistance: Dynamic pricing evaluation models and risk assessment tools enhance transaction efficiency and safety.

2. What is the difference between OVERTAKE and TAKE?

OVERTAKE is the platform that provides users with trading infrastructure, product functionality, and user experience, while TAKE is the native token of the ecosystem, used for paying transaction fees, incentivizing user participation, governing the platform’s future development, and serving the role of staking and economic incentives.

3. What problems does OVERTAKE aim to solve?

Lack of true ownership: Web2 game assets typically represent control over an account rather than true ownership. OVERTAKE offers on-chain proof of ownership and transferability.

Transaction risk: Traditional platforms have high fraud rates. OVERTAKE introduces smart contract escrow and verification mechanisms to reduce risks.

Low efficiency and high fees: High commission from intermediaries and slow settlement. OVERTAKE offers low fees, multi-signature escrow, and instant settlement processes.

Poor user experience: Web2 has high entry barriers for users. OVERTAKE allows users to engage without needing to understand cryptocurrency technology through methods like zkLogin,Discordembedding, and more.

4. OVERTAKE’s Core Features and Advantages

In deep collaboration with Sui, OVERTAKE clarifies its core features and ensures the platform’s security and efficiency through underlying technology:

4.1 On-chain escrow enables trustless transactions

OVERTAKE eliminates the trust gap in peer-to-peer transactions, no longer relying on screenshots or time alignment to ensure fairness. Funds will be held in smart contract escrow and only released when conditions are met. Sui’s Kiosk framework makes this process efficient and scalable.

4.2 Verified game-bound assets

OVERTAKE directly collaborates with Web2 game studios to ensure that the assets on the platform are authentic and relevant to actual in-game actions. The assets are no longer static metadata but can dynamically change based on in-game behaviors. This ‘object model’ enables ownership to be not only verifiable but also possess real evolutionary attributes.

4.3 Infrastructure of the Real Economy

OVERTAKE is building not just a marketplace but a real economic system. In this system, value can efficiently circulate among players, creators, studios, and partners. Leveraging Sui’s native capabilities, OVERTAKE can implement complex mechanisms such as incentive models, revenue sharing, and permission control. The $TAKE token is the core driving force of this system, facilitating participation, staking, and governance.

5. Mechanism of OVERTAKE

The operational logic of OVERTAKE consists of the following levels:

• Smart Contract CustodianshipThrough on-chain smart contracts, a secure and transparent custodianship mechanism is realized, eliminating human uncertainty in transactions.
• Assets Bound to GamesBy collaborating with studios, it ensures that assets are not just on-chain data but dynamically linked to real gameplay.
• Economic Cycle DesignBased on the TAKE token, modules for staking, profit-sharing, governance, etc. are designed to ensure the vitality of the ecosystem.
• Open CollaborationThrough deep integration with infrastructures like Sui, the advanced nature of the technology and the openness of the ecosystem are guaranteed.

6. Token Economic Model and Functions of TAKE

6.1 What is TAKE?

• Token Symbol:TAKE
• Total Supply: 1,000,000,000 $TAKE

6.2 Distribution Structure

6.3 Token Functions

• Medium of ExchangePlayers can use TAKE as a payment tool for asset transactions.
• Staking IncentivesHolders can stake TAKE to earn returns and additional privileges.
• Governance FunctionTAKE holders have voting rights, participating in decisions regarding platform governance and development direction.
• Incentive DistributionThe platform will distribute rewards to users, creators, and partners based on participation levels.

7. How to buy TAKE tokens on MEXC?

OVERTAKE represents a product and technological innovation in the field of game asset trading, reshaping the connection from Web2 to Web3 across multiple dimensions including user experience, efficiency, safety, and economic incentives. Its core lies in a fast, efficient, and verifiable trading structure based on Sui, combined with TAKE token incentives and governance, plus the execution of a Discord community embedding and productization strategy, creating a trustworthy, decentralized, and highly liquid ecosystem. With strategic investment support and the advancement of multiple product functions, OVERTAKE is expected to lead in the multi-billion dollar game asset market.

As a global leading digital asset trading platform, MEXC has launched $TAKE and provides a stable and smooth trading environment for the project withhighly competitive fee discounts, you can quickly trade TAKE by following these steps:

1) Open and log in to the MEXC App orOfficial Website；

2) In the search box, search for the name of the TAKE token and select thespot tradingorcontract trading；

3) Choose an order method, enter quantity, price, and other parameters to complete the transaction.

You can also visit theMEXC Airdrop+event page to participate in splitting$50,000 worth of TAKE & 15,000 USDTevents!