Willemstad, Curaçao, April 2, 2025 — Overtime, the innovative fully onchain sports betting platform, has officially integrated the Thales protocol under the Overtime brand. This consolidation introduces a unified identity and comes with the launch of a new native token: $OVER.
As part of this transition, Overtime adopts a new primary domain and a complete integration with account abstraction, designed to significantly enhance the user experience.
With over four years of development, Overtime has established itself as a decentralized and transparent alternative to traditional sportsbooks. Built on the Ethereum network, this platform prioritizes security and immutability. Key protocol milestones include:
- Over $200 million in betting volume
- Support for over 100 sports and leagues
- 50,000 active users
- Over 10,000 unique betting markets
Unlike conventional bookmakers, Overtime allows anyone to easily access it, without arbitrary restrictions or withdrawal limits, offering a completely decentralized experience.
The recent integration of Thales DAO into the Overtime brand was unanimously approved by the community, marking an important step towards a more cohesive identity and strengthening its decentralized governance.
One of the main new features is the introduction of Overtime Accounts: onchain smart accounts that simplify the complexity of wallets and EVM networks. Thanks to collaboration with solutions like Particle Network and Biconomy, users can create wallets via social login, facilitating transactions without the need for manual confirmations or paying fees in ETH.
These innovations enable bets such as parlays, system bets, futures, and live bets, all within an interface that emulates traditional web applications, but maintains blockchain transparency.
The new token $OVER will have a total supply of 69.42 million tokens, significantly reducing the previous supply of THALES. Current holders will be able to exchange their tokens at a 1:1 ratio.
This token features several key utilities:
- $OVER as betting collateral: offers better odds for those who use it as collateral (2% on the base).
- Buyback & burn: all fees are used for token buybacks and burns, incorporating a deflationary model.
- Governance: $OVER holders will have voting power in key decisions within the Overtime ecosystem.
$OVER is built with the Chainlink CCT standard and will be compatible with networks such as Optimism, Arbitrum, and Base, ensuring liquidity and cross-chain bridging capability.
Among Overtime's most notable features are:
- Onchain parlays, system bets, and same-game multi-bets, thanks to an advanced smart contract infrastructure.
- Secure live betting with Chainlink oracles and Merkle Tree-based architecture to prevent frontrunning.
- Permissionless liquidity: any user can contribute USDC, ETH, or BTC to the pool and earn yield as a counterparty to bettors.
- Onchain Free Bets infrastructure: users and projects can use this feature for rewards and user acquisition.
Overtime is revolutionizing the betting industry by offering a platform that is unrestricted, fair, and globally accessible. Unlike traditional platforms that limit users based on their history, Overtime guarantees an open experience, thanks to the automatic execution of smart contracts that do not discriminate between participants.
Millions of dollars in rewards have already been distributed through cryptocurrency-based incentives, promotional campaigns, and loyalty programs. All users have the opportunity to participate, subject to regional availability and basic requirements.
From Q2BSTUDIO, a development and technology services company, we celebrate Overtime's progress towards a fully onchain experience. Our commitment to innovation and adoption of emerging technologies leads us to collaborate with and support platforms like Overtime, which are redefining traditional industries through decentralization and the power of blockchain.
Overtime offers access via EVM-compatible wallets or social accounts, multiple cryptocurrency options, and credit card payment methods. It replicates the basic functions of conventional bookmakers, eliminating individual restrictions and guaranteeing transparency and full user control.
For more information about technology solutions or blockchain development, you can visit our page at q2bstudio.com
