Overtime launches $OVER token and full Account Abstraction UX

Willemstad, Curaçao, April 2nd, 2025, By Chainwire

Curaçao, Curaçao, April 2nd, 2025, Chainwire

Overtime, the onchain sportsbook platform, has formally integrated its parent protocol, Thales, under the Overtime brand. This consolidation unites the protocol’s identity and heralds the launch of a new native token, $OVER. The transition also introduces a new primary domain for the project and the implementation of full Account Abstraction to enhance the platform’s UX.

After 4+ years of development, Overtime has built a fully operational onchain sportsbook offering parity in functionality with the leading traditional platforms. Operating on the Ethereum network, the protocol prioritizes transparency, security, and immutability. To date, Overtime’s operational highlights include:

• Several million dollars in cryptocurrency-based had been distributed by Overtime as part of its promotional campaigns and airdrops.

• Participation is open to all users, subject to eligibility criteria and regional availability.

• In addition to standard bet types, Overtime offers unique products such as parlays, system bets, same-game parlays (SGPs), futures, and live betting.

A Decentralized Alternative to Traditional Sports Betting

Overtime provides a decentralized alternative to traditional bookmakers, offering a fully permissionless sportsbook platform where anyone can seamlessly join. Simply connect with a social account or an EVM-compatible wallet to start placing bets on major sporting leagues and events.

There are no barriers to entry, such as traditional platforms’ restrictive betting limits, arbitrary bans on successful users, or attempts to withhold payouts.

Since its creation, Overtime has organically become the primary driver of Thales DAO growth. In recognition of this growth, the DAO’s community voted overwhelmingly (via Thales Improvement Proposal 238) in favor of merging Thales DAO to the branding of Overtime.

Full Account Abstraction Enables a Seamless Onchain UX

With this launch comes the introduction of Overtime Accounts—onchain smart accounts designed to abstract away the complexities of wallets and the EVM network.

Overtime Accounts use Particle Network for the creation of wallets via Social Logins and Biconomy’s SDK to handle the smart-account functionalities, enabling frictionless transactions through its Paymaster, Bundler, and Session Keys infrastructure.

Once an Overtime Account is created, users can deposit supported collateral into their designated address to gain access to Overtime’s onchain sportsbook interface, which includes features such as parlays, system bets, same-game parlays (SGPs), futures, and live betting. Transactions are executed through an account abstraction framework, eliminating the need for manual confirmations or the use of ETH to cover gas fees.

Overtime’s user experience has been designed to minimize blockchain-related complexities, allowing users to focus on the platform’s sportsbook features without requiring technical knowledge of the underlying blockchain processes. The interface provides a streamlined experience that closely resembles traditional web applications while retaining the transparency and self-custody benefits provided by the Ethereum network.

The new Overtime DAO token: $OVER

The new $OVER token will have a new total supply of 69.42M, compared to the original 100M of the THALES token. This means that 30.58M THALES tokens will be burned in preparation for the migration to $OVER. All THALES token holders will be able to migrate their $THALES to $OVER token at a 1:1 ratio on the new overtime.io domain. This aligns with the new sustainable tokenomics designed to foster growth and focus it entirely on the $OVER token.

The new $OVER token will serve multiple utilities:

• Liquidity provision in the protocol’s core markets and modules.

• Voting and governance over the protocol’s future development and direction.

• Participation in community-driven initiatives and proposals.

• Exclusive access to premium platform features and content.

• Integration with third-party protocols and services to expand the token’s utility beyond the Overtime ecosystem.

The $OVER token is built using Chainlink’s CCT token standard for easy and secure cross-network bridging using Chainlink’s CCIP. The token will be live and liquid on Optimism, Arbitrum, and Base across prominent decentralized exchanges such as Uniswap, Velodrome, and Aerodrome.

The new Overtime platform is available here: https://www.overtimemarkets.xyz/

The new Overtime DAO token: $OVERThis Startup Is Changing The Face Of Decentralized Betting With A Powerful New Token

Overtime innovations are a testament to its industry leadership:

• First mover in launching a fully operational and decentralized onchain sportsbook and betting platform on the Ethereum network.

• Leading the way in offering a best-in-class user experience with a focus on ease of use and accessibility for mainstream adoption.

• Strong community engagement through regular communication channels and open decision-