The takeover window: cast at hour zero, then 72 public non-cancellable hours in which the target can cherry-pick, accept everything, re-list higher, or ignore

--- title: "Takeover ⚑" description: "Wall Street's most dramatic move, translated to collecting: one blanket premium offer on another collector's entire position in a project. 72 hours, public, non-cancellable." category: "for-collectors" keywords: ["hostile takeover", "takeover", "offers", "premium", "tender", "withstood"] last_updated: "2026-08-05" --- # Takeover ⚑ A takeover is one collector making a public, premium, simultaneous offer on **every Output** of another collector's position in a single project. The street gets to watch. **How:** On a collector's profile, tap the ⚑ flag in the action row — it appears when they hold 3+ Outputs of one project. ## Casting one On any collector's profile, the **⚑** flag in the action row (it names itself in a toast) opens the cast sheet: 1. **Pick the position.** Only holdings of **3+ Outputs from one project** are targetable — below that it's just three offers. 2. **Name the per-Output price.** The premium is enforced, not optional: at least **1.2×** the target's market (their lowest active listing, else the project floor, else mint price). 3. **Read the terms, then cast.** `72 HOURS · PUBLIC · NON-CANCELLABLE`. Casting places a real offer on every one of the target's Outputs at that price. Because PD runs its own offer book, non-cancellable means exactly that — the caster cannot withdraw a single Output of the blanket until the window closes. ## Being taken over The target is pinged the moment the flag goes up, and holds all the cards: - **Cherry-pick.** Accept on any subset — sell 3 of 22 at the premium, keep the rest. Each acceptance is a normal offer acceptance. - **Accept everything.** - **Refuse by re-listing.** You can't counter a takeover directly (that's what makes it hostile), but re-listing Outputs higher mid-window is a visible refusal. - **Ignore it.** At 72 hours the window closes on its own. ## The public record An active takeover banners **both profiles** — `TAKEOVER` on the caster, `UNDER TAKEOVER` on the target — with the project, the per-Output price, and the countdown. The blanket's offers appear in the project's Offers book wearing the ⚑ TAKEOVER badge. When the window closes, the verdict is inscribed: - **COMPLETED** — every Output yielded. - **PARTIAL** — some yielded, with the count. - **WITHSTOOD** — not one Output sold. The target's profile wears this mark for **180 days**. It is the biggest flex the mechanic can produce. Some collectors will become known takeover artists. Some will become famous for withstanding. Both reputations are earned in public.