Exciting News from Overtime: A New Era Begins!
Willemstad, Curaçao, April 2nd, 2025, Chainwire — We are thrilled to announce that Overtime, an innovative onchain sportsbook platform, has officially integrated its parent protocol, Thales, under the Overtime brand. This exciting consolidation marks the beginning of a unified identity for our protocol and coincides with the launch of our new native token, $OVER. As part of this transition, we’ve also unveiled a fresh primary domain and implemented full Account Abstraction integration to enhance your experience on our platform.
With over four years of dedicated development, Overtime has emerged as a fully onchain sportsbook that offers functionality that rivals traditional offchain platforms. Built on the Ethereum network, our protocol champions transparency, security, and immutability. Here’s a glimpse of our operational milestones:
- Processed over $200 million in betting volumes
- Supported more than 100 sports and leagues
- Engaged 50,000 active users
- Created over 10,000 unique betting markets
You can explore the new Overtime domain right here: https://www.overtime.io/
A Decentralized Alternative to Traditional Sports Betting
What sets Overtime apart from traditional bookmakers is our commitment to operating a fully decentralized and permissionless sportsbook platform. Anyone can easily access Overtime with just a simple connection, free from the burdens of restrictive betting limits, arbitrary bans, or delayed payouts.
Since our inception, Overtime has organically become the main driver of growth for Thales DAO. Recognizing this momentum, the DAO’s community has unanimously approved (via Thales Improvement Proposal 238) the full merger of Thales DAO to the Overtime brand.
Experience a Comprehensive Onchain User Interface with Full Account Abstraction
Alongside this exciting launch, we’re introducing a new concept: Overtime Accounts—an onchain smart account designed to simplify wallet and EVM network complexities.
Overtime Accounts utilize Particle Network for seamless wallet creation through Social Logins, while Biconomy’s SDK manages smart-account functionalities. This means you can enjoy frictionless transactions thanks to our Paymaster, Bundler, and Session Keys infrastructure.
Once you create your Overtime Account, you can deposit supported collateral into your designated address to access our onchain sportsbook interface. The platform supports a variety of features including parlays, system bets, same-game parlays (SGPs), futures, and live betting. Thanks to our account abstraction framework, transactions are executed effortlessly, eliminating the need for manual confirmations or using ETH to cover gas fees. We’ve designed Overtime’s user experience to minimize any blockchain-related complexities, allowing you to engage with our sportsbook features without needing technical expertise. Our interface offers a smooth experience similar to traditional web applications while still providing the transparency and self-custody advantages of the Ethereum network. Check out the new Overtime UX here: https://www.overtimemarkets.xyz/
Introducing Our New DAO Token: $OVER
The new $OVER token comes with a total supply of 69.42M, reduced from the original 100M of the THALES token. This means we will burn 30.58M THALES tokens in preparation for the transition to $OVER. All THALES token holders will have the opportunity to migrate their $THALES to $OVER at a 1:1 ratio on the new overtime.io domain. This aligns with our new sustainable tokenomics that focus entirely on fostering the growth of the $OVER token.
The $OVER token will serve several important functions:
- $OVER as Betting Collateral: By using the $OVER token as collateral on Overtime, users will enjoy enhanced odds—2% better than baseline odds—compared to other collateral options. This encourages the use of $OVER and aligns the interests of token holders with our platform users.
- Buyback & Burn: All fees generated from Overtime will directly contribute to buying back $OVER tokens, ensuring that the entire growth of the project is focused on this token. Burning the buybacks reinforces deflationary dynamics.
- Governance Token: Holding $OVER provides voting power within Overtime’s decentralized governance framework.
The $OVER token is built using Chainlink’s CCT token standard, facilitating easy and secure cross-network bridging via Chainlink’s CCIP. The token will be live and liquid on Optimism, Arbitrum, and Base, available across popular decentralized exchanges such as Uniswap, Velodrome, and Aerodrome.
How Overtime Works
Overtime’s innovations highlight our leadership in the industry:
- Onchain Parlays, System Bets, and SGPs: Thanks to our cutting-edge smart contract technology, we bring advanced sportsbook features onchain.
- Live Betting: Our Merkle Tree-based core architecture, combined with robust Chainlink oracle infrastructure, allows us to offer live betting onchain without the risks associated with frontrunning and toxic flow.
- Permissionless Liquidity Providing: Overtime Liquidity Pools enable anyone to deposit USDC, ETH, and BTC collateral, gaining exposure to the platform’s performance while acting as a counterparty pool for traders.
- Onchain Free Bets Infrastructure: Anyone can wrap their tokens and send them as Overtime Free Bets. Our open Free Bets solution is a state-of-the-art tool for rewarding users and onboarding new participants.
A Global Movement for Change
Overtime is not just a platform; it represents an onchain revolution—a living example of how a traditional industry can be transformed by going onchain. We are committed to being a fair, permissionless, and globally accessible powerhouse that is poised to challenge and eventually surpass all classic offchain platforms.
Unlike traditional sportsbooks that may impose restrictions based on user performance, Overtime operates on a fully transparent and onchain infrastructure. Our platform is designed to ensure that participation is governed by smart contracts, removing the ability to impose user-specific limitations. Engagement is determined solely by the interactions between users and our underlying liquidity smart contracts.
To date, Overtime has distributed cryptocurrency-based incentives, rewards, and competition payouts totaling several million dollars in value. Participation in our promotional campaigns and airdrops is open to all users, subject to eligibility criteria and regional availability.
About Overtime
Overtime is a groundbreaking onchain sportsbook that prioritizes accessibility, enabling users to connect via social accounts or EVM-compatible wallets. We support multiple cryptocurrencies and provide fiat onramp options through credit card payments. Overtime replicates the core functionalities of traditional sportsbooks while operating through decentralized infrastructure. We do not implement user bans or individualized restrictions, ensuring open access to placing bets and withdrawing funds. Throughout each season, users may be eligible for various incentives, including cryptocurrency airdrops, free bet credits, and other exciting rewards. Participants can also contribute to the platform’s liquidity pool, effectively becoming liquidity providers.
Contact Us
Overtime Info
info@overtime.io