Willemstad, Curacao, April 2, 2025, Chain Wire
Overtime, the Onchain Sportsbook platform, has officially integrated its parent protocol, Thales, under its overtime brand. This integration introduces a unified identity in the protocol and coincides with the launch of a new native token $$over. As part of the migration, the project also announced a new primary domain and implemented a full account abstract integration to enhance the platform’s user experience.
With over four years of development, overtime has established itself as a complete Onchain Sportsbook, offering capabilities comparable to traditional off-chain platforms. The protocols built on the Ethereum Network highlight transparency, security, and immutability. Overtime operation history includes:
Over 100 sports and leagues volume support of over $200 million and over 50,000 active users Over 10,000 unique betting market
Users can access the new overtime domain: https://www.overtime.io/
Decentralized alternatives to traditional sports betting
Overtime distinguishes itself from traditional bookmakers by operating a fully decentralized, unauthorized sportsbook platform. Anyone can seamlessly access overtime with a simple connection without traditional restrictive betting restrictions, arbitrary voluntary prohibition, or withholding payment barriers.
Since its inception, overtime has been an organically a major factor in the growth of Thales DAO. Recognizing this growth, the DAO community unanimously approved (via Thales Improvement Proposal 238) a complete merger with Thales Dao’s overtime branding.
A comprehensive Onchain user experience enabled by full account abstraction
With this launch, Overtime introduces a new concept: Overtime Accounts – On-Chain Smart Accounts designed for the complexity of abstract wallets and EVM networks.
Overtime accounts use particle networks to seamlessly create wallets via social logins, and use BIConomy’s SDK to handle smart action features, allowing frictionless transactions through Paymaster, Bundler, and Session Keys infrastructure.
After creating an overtime account, users can deposit supported collateral at the specified address and access the Overtime Onchain Sportsbook interface. The platform supports features such as parlay, system betting, same game perlay (SGP), futures, and live betting. Transactions are performed through the account abstraction framework, removing the need for manual verification or the use of ETH to cover gas charges.
OverTime’s user experience is designed to minimize blockchain-related complexity, allowing users to engage in the platform’s sportsbook functionality without the need for technical knowledge about the underlying blockchain process. This interface provides a streamlined experience comparable to traditional web applications, while maintaining the transparency and self-reliant benefits that Ethereum networks offer.
New overtime UX is available here: https://www.overtimemarkets.xyz/
New Overtime Dao Token: $over
Compared to the original 100m of Thales token, the new $over token has a new total supply of 69.42m. This means that the 30.58m Thales token burns and exceeds $$. All Thales token holders can migrate $Thales to $Token with a 1:1 ratio in the new Overtime.io domain. This coincides with new sustainable toknomics designed to drive growth and focus entirely on the $over token.
The new $over token serves multiple utilities.
$ over as Betting Allatoral: By using $ over Token as collateral as collateral as overtime, users enjoy improved odds (2% better than baseline odds) compared to other collateral. This will increase $ over token usage and adjust the platform users and token holders. Buyback & burn: All fees from overtime flow directly towards $$ token buyback and focus on tokens for the overall growth of the project. Burning buybacks enhances the token dynamics of deflation. Governance token: Grants voting rights within a decentralized governance structure of overtime.
The $over token is constructed using ChainLink’s CCT token standard and creates easy and secure cross-network bridging using ChainLink’s CCIP. The token will be live and liquid based on Optimism, arbitrum, and prominently decentralized exchanges such as Uniswap, Velodrome, and Aerodrome.
Overtime mechanism
Overtime innovation is a testament to industry leadership.
Onchain Parlays, System Bet, SGPS: With cutting-edge smart contract technology, Overtime brings Advanced Sportsbook capabilities. Live Betting: Combined with a Merkle Tree-based core architecture and robust chain links Oracle infrastructure, overtime was able to bring live betting-on-chain without the risk of frant running and toxic flows. Provide unauthorized liquidity: Overtime liquidity pool allows anyone to deposit USDC, ETH and BTC collateral, expose themselves to platform performance and act as a counterparty pool for traders. ONCHAIN FREE BETS Infrastructure: Anyone can wrap tokens and send them as free after-hours bets. Overtime’s Open Free Bet Solution is a cutting-edge tool for user rewards and onboarding.
Global movement
Overtime represents an on-chain revolution. This is a real example of how on-chain can improve traditional industries. It is a fair, unauthorized, globally accessible powerhouse bound to organically abdicate all classic off-chain platforms.
Unlike traditional sportsbooks, which can limit users based on performance, overtime works with a completely transparent on-chain infrastructure. The design of the platform ensures that participation is governed by smart contracts and removes the capabilities that impose user-specific restrictions. Engagement is determined solely by the interaction between the user and the underlying liquidity smart contract.
To date, overtime has distributed cryptocurrency-based incentives, rewards and competitive payments to millions of dollars worth. Overtime promotional campaigns and participation in airdrops is open to all users subject to eligibility criteria and local availability.
About overtime
OverTime is a fully on-chain sportsbook designed for accessibility, allowing users to connect via social accounts or EVM compatible wallets. The platform supports multiple cryptocurrencies and offers Fiat Onramp options through credit card payments. Overtime replicates the core functionality of traditional sportsbooks while operating through a distributed infrastructure. This protocol does not implement user bans or individual restrictions, allowing open access to wagers and withdrawal funds. Throughout each season, users are eligible for a variety of forms of incentives, including cryptocurrency airdrops, free betting credits, and other rewards. Additionally, participants have the option to contribute to the platform’s liquidity pool and effectively tackle the role of liquidity providers.
contact
Overtime information
info@overtime.io
Disclaimer: This is a paid press release published through ChainWire, a PR newswire syndication platform for blockchain companies.
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