The TAKE token related to the P2P trading platform Overtake has demonstrated a sharp increase of 114% just three days after its listing on several major exchanges. This article examines the reasons behind this success and the company's plans.
Surge of the TAKE Token and Its Reasons
After its listing, the TAKE token began to rise sharply, increasing from a low of around $0.040 to a high of about $0.088. As of August 27, its price stands around $0.085. A key reason for this rapid increase is its simultaneous appearance on several exchanges, including Binance Alpha, MEXC, and Coinone.
Technological Features of Overtake
Overtake’s product is based on the Sui blockchain, implementing multisig smart contract escrow to reduce fraud risk. The platform offers low fees and instant settlement using USDC. Additional features like social login and gas fee sponsorship are designed to attract both Web3 users and Web2 gamers.
Future Plans of Overtake and the TAKE Token
Overtake CEO Seunghwan Oh emphasized that while the price increase is significant, the focus remains on product development and real utility. The company plans to enhance platform features further and accelerate additional exchange listings to promote global liquidity. Overtake also aims to strengthen the connection between on-chain and off-chain markets, ensuring growth for both the token and the community.
The growing interest in the TAKE token and its technological features indicates significant potential for Overtake in the future. The company's success will depend on its ability to sustain growth and develop the ecosystem.
