Overtime, an onchain sportsbook platform, has formally integrated its parent protocol, Thales

The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, OVER.

Overtime, an onchain sportsbook platform, has formally integrated its parent protocol, Thales, under the Overtime brand.

The consolidation, announced today, introduces a unified identity for the protocol and coincides with the launch of a new native token, OVER. As part of the transition, the project has also unveiled a new primary domain and implemented full Account Abstraction integration to enhance the platform’s user experience.

With over four years of development, Overtime has completed its decentralized sportsbook, offering functionality comparable to traditional offchain platforms. Operating on the Ethereum network, the protocol emphasizes transparency, security, and immutability. Overtime’s operational history includes:

A Decentralized Alternative to Traditional Sports Betting

Overtime distinguishes itself from traditional bookmakers by operating a fully decentralized, permissionless sportsbook platform. Anyone can seamlessly access Overtime with a simple connection without the barriers of traditional restrictive betting limits, arbitrary bans, or withheld payouts.

Since its inception, Overtime has organically become the primary driver of Thales DAO growth. Recognizing this growth, the DAO’s community unanimously approved (via Thales Improvement Proposal 238) the full merger of Thales DAO to the branding of Overtime.

"The integration of Thales into Overtime marks a natural progression in our journey to revolutionize the sports betting industry," said Louis Streit, Co-founder of Overtime. "This merger is a testament to the incredible support and vision of both communities, and we are excited to embark on this new chapter together."

Comprehensive Onchain User Experience Enabled by Full Account Abstraction

With this launch, Overtime is also introducing a new concept: Overtime Accounts—an onchain smart account designed to abstract wallet and EVM network complexities.

Overtime Accounts use Particle Network for the seamless 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.

After creating an Overtime Account, users can deposit supported collateral into their designated address to access Overtime’s onchain sportsbook interface. The platform supports features such as parlays, system bets, same-game parlays (SGPs), futures, and live betting. Transactions are executed through an account abstraction framework, removing 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 engage with the platform’s sportsbook features without requiring technical knowledge of underlying blockchain processes. The interface offers a streamlined experience comparable to traditional web applications while maintaining 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:

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.

This round of funding will be used to continue developing the Overtime platform and expand into new markets.

About Overtime

Overtime is a fully onchain sportsbook designed for accessibility, allowing users to connect via social accounts or EVM-compatible wallets. The platform supports multiple cryptocurrencies and provides fiat onramp options through credit card payments. Overtime replicates the core functionalities of traditional sportsbooks while operating through decentralized infrastructure. The protocol does not implement user bans or individualized restrictions, enabling open access to place bets and withdraw funds. Throughout each season, users may be eligible for various forms of incentives such as cryptocurrency airdrops, free bet credits, and other rewards. Additionally, participants have the option to contribute to the platform’s liquidity pool, effectively taking on the role of liquidity providers.

Contact

Overtime Info info@overtime.io

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