Overtime, an Onchain Sportsbook Platform, Has Formally Integrated Its Parent Protocol, Thales, Under the Overtime Brand

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

Overtime, the onchain sportsbook platform, has announced the integration of its parent protocol, Thales, into the Overtime brand. This consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, $OVER.

The project’s primary domain is now overtime.io, and it has also implemented full Account Abstraction integration to enhance the platform’s user experience.

Overtime is a fully onchain sportsbook offering functionality comparable to traditional offchain platforms. Built on the Ethereum network, the protocol prioritizes transparency, security, and immutability.

The protocol’s operational history includes:

* Over four years of development.

* Millions of dollars in cryptocurrency distributed for promotional activities, airdrops, and competitive payouts.

* A decentralized and permissionless structure, allowing anyone to participate.

* A complete lack of 'know your customer' procedures or mandatory user verification.

* No arbitrary betting limits, bans, or payout delays.

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.

This merger signifies the integration of the two projects’ teams, technology, and community under the unified Overtime brand. Going forward, the platform will be known as Overtime, and its native token will be $OVER.

Moreover, the project’s primary domain has transitioned to www.overtime.io, and it has completed the implementation of seamless social logins for new users via Particle Network, along with full Account Abstraction integration powered by Biconomy’s SDK and Paymaster.

The project has also introduced a new concept: Overtime Accounts—an onchain smart account designed to abstract wallet and EVM network complexities. These accounts are designed for optimal user experience and can be accessed through any device or web browser.

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 UX is available here: https://www.overtimemarkets.xyz/

The new Overtime DAO token: $OVER

The new $OVER token will have a new total supply of 69.42M, compared to the original 10M 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:

* It will be used for governance within the Overtime DAO.

* It will be utilized for liquidity provision on the Overtime exchange.

* It will serve as a reward for user participation in Overtime’s 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.

How Overtime works

Overtime innovations are a testament to its industry leadership:

* A global movement

Overtime represents an onchain revolution, a real-life example of how a traditional industry is improved by going onchain. It is a fair, permissionless, and globally accessible powerhouse that is bound to organically dethrone all classic offchain platforms.

Unlike traditional sportsbooks that may restrict users based on performance, Overtime operates on a fully transparent and onchain infrastructure. The platform’s design ensures that participation is