Takeover

MEMORANDUM 008: GRADUATION UPGRADE ✨ Takeover has been upgraded ✨ At launch, creators now release 100 tiles in a public mint. Creators receive mint proceeds, tile minters Takeover the trading fees. Once all 100 tiles are minted, trading fees start flowing to tile holders.

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Acquisitions of $TAKEOVER (as executed by The Boardroom) have now exceeded 10% of supply. Automated. Decentralized.

@Crypto_Nuclear_ That ends up with Bot v Bot which is the current state. Window could be dropped to 1 minute which would require people to be paying very close attention.

@takeoverfun Why only existing tile holders. Let it be open for anyone for those 5 minutes if you want real pvp madness.

Bots have been sniping forfeited seats - removing a crucial human PVP element from the game dynamic. The next upgrade will enforce a 5 minute anti-snipe window, allowing existing tile holders to acquire forfeited tiles from the same grid. Snipe the snipers.

A summary of how it works 👇

Generalized LP grid has been achieved internally.

The Universal Grid Manager will launch with infinite range LP positions only - this ensures rewards are collected on every swap. Concentrated LP positions are possible but will come in a future release.

There's a two-week-old project on Base where you can earn trading fees from literally any coin you want without LPing sitting at just 400k mc. 🔸 WHAT IT IS $TAKEOVER / @takeoverfun is a platform that turns the trading activity of tokens into a kind of competitive game. Typically you buy a token at a low price and sell when the price increases but here, you can buy a position on a grid that earns money whenever that token is traded. The grid is the core of the whole system. Every token that gets added to Takeover has a grid with 100 spots, and each spot earns a share of the trading fees generated by that token. The important thing to keep in mind is that the grid is separate from the token itself. You are not buying the token when you buy a seat. You are buying the right to earn from the trading volume of that token. When a token is listed, the platform creates the grid and people can start buying seats. Each seat gives 1% of the fees that come from trades, so if the token has a lot of activity, the owner of the seats make a lot of money. This is where it gets interesting The seats are not permanent. Someone else can take your seat by paying more for it. When that happens, you lose the seat and the new buyer starts earning the fees. The idea is to make users compete for the right to earn from a token's trading volume/activity. 🔸 WHAT IT'S TRYING TO SOLVE Most tokens only reward early buyers. After launch, there is usually no reason to stay unless the price keeps going up. When volume dies, the token dies. With $TAKEOVER, there is always a reason to care about the token because volume itself produces rewards. The good side of this idea is that it gives users an extra way to earn and elongates the lifespan of a token. The downside is that nothing here works without users. If the token has no volume, the seats have no value, so people have to actually be interested in trading the token. 🔸 However, a new upgrade is set to be introduced that solves exactly this... Liquidity positions from Aerodrome and Uniswap on Base can be minted directly on Takeover. This means that fees can come from existing liquidity pools that already have real volume and real trading activity. Existing and well-established projects will be able to route their LP rewards into Takeover, and users will compete for the seats that receive those rewards. Once this is live, it would drastically change everything and we just need one solid project to be integrated to send this back to ATH Bottomed chart + incentives + novel mechanics + incoming catalyst. CA: 0x716F8E756f9277F8c9949926141C2666B86B5809

By using Takeover as a tile holder or LP, you remove the concept of Impermanent Loss and instead only need to reason about payback.

Clean sweep tech. Just hold shift.

@russian_acai what's the biggest pain point?

@takeoverfun man, you guys have gotta nail the analytics on the ui/ux so that ppl can easily assess and make decisions

@PhilippInvest Thanks, better sign-posting will come as we receive more feedback on this new primitive.

@takeoverfun The pricing of tiles and the tax process should be unified into an easy-to-understand user experience.

Net new rewards are beginning to flow through the protocol. Interesting.

Grid creators pull tax fees (derivative of trading fees) and also secondary market fees and get the distribution and regular attention of tile holders. * launchpad coins don’t get a share this big * custom coins that want to guarantee liquidity have a 100x more engaging and rewarding way to do it The latter there is an opportunity cost that we believe is overcome by distribution and engagement effects. Larger projects could also launch with 1000 or 10000 tiles if they want to.

@takeoverfun interesting approach but wouldnt this the hurt overall liquidity for tokens? Who would provide liquidity without the fee benefit?

Multi-tabling online poker as a young lobster really sets one up for 2026 product development.

@russian_acai 🎯

@takeoverfun ayo x.com/russian_acai/s…

Cooking a whitepaper ahead of this week's launch. Ignoring the pure enjoyment of using Takeover, there is no mistaking that the protocol has brought about a new financial primitive for the blockchain.

today is a good day to build on @base