Willemstad, Curaçao, April 2nd, 2025, Chainwire
Overtime, an onchain sportsbook platform, has formally built-in its father or mother protocol, Thales, below the Time beyond regulation model. The consolidation introduces a unified identification for the protocol and coincides with the launch of a brand new native token, $OVER. As a part of the transition, the mission has additionally unveiled a brand new main area and applied full Account Abstraction integration to reinforce the platform’s person expertise.
With over 4 years of improvement, Time beyond regulation has established itself as a totally onchain sportsbook providing performance similar to conventional offchain platforms. Constructed on the Ethereum community, the protocol emphasizes transparency, safety, and immutability. Time beyond regulation’s operational historical past contains:
- Over $200 million in volumes
- Assist for over 100 sports activities and leagues
- 50,000 lively customers
- Greater than 10,000 distinctive betting markets
Customers can entry the brand new Time beyond regulation area right here: https://www.overtime.io/
A Decentralized Various to Conventional Sports activities Betting
Time beyond regulation distinguishes itself from conventional bookmakers by working a totally decentralized, permissionless sportsbook platform. Anybody can seamlessly entry Time beyond regulation with a easy connection with out the obstacles of conventional restrictive betting limits, arbitrary bans, or withheld payouts.
Since its inception, Time beyond regulation has organically turn into the first driver of Thales DAO progress. Recognizing this progress, the DAO’s group unanimously accredited (through Thales Enchancment Proposal 238) the total merger of Thales DAO to the branding of Time beyond regulation.
Complete Onchain Person Expertise Enabled by Full Account Abstraction
With this launch, Time beyond regulation can be introducing a brand new idea: Time beyond regulation Accounts—an onchain sensible account designed to summary pockets and EVM community complexities.
Time beyond regulation Accounts use Particle Community for the seamless creation of wallets through Social Logins, and Biconomy’s SDK to deal with the smart-account functionalities, enabling frictionless transactions by its Paymaster, Bundler, and Session Keys infrastructure.
After creating an Time beyond regulation Account, customers can deposit supported collateral into their designated handle to entry Time beyond regulation’s onchain sportsbook interface. The platform helps options equivalent to parlays, system bets, same-game parlays (SGPs), futures, and stay betting. Transactions are executed by an account abstraction framework, eradicating the necessity for handbook confirmations or using ETH to cowl gasoline charges.
Time beyond regulation’s person expertise has been designed to reduce blockchain-related complexities, permitting customers to have interaction with the platform’s sportsbook options with out requiring technical data of underlying blockchain processes. The interface affords a streamlined expertise similar to conventional internet functions whereas sustaining the transparency and self-custody advantages offered by the Ethereum community.
A brand new Time beyond regulation UX is on the market right here: https://www.overtimemarkets.xyz/
The brand new Time beyond regulation DAO token: $OVER
The brand new $OVER token can have a brand new whole provide of 69.42M, in comparison with the unique 100M of the THALES token. Which means that 30.58M THALES tokens might be burned in preparation for the migration to $OVER. All THALES token holders will be capable to migrate their $THALES to $OVER token at a 1:1 ratio on the brand new time beyond regulation.io area. This aligns with the brand new sustainable tokenomics designed to foster progress and focus it fully on the $OVER token.
The brand new $OVER token will serve a number of utilities:
- $OVER as Betting Collateral: Through the use of $OVER token as collateral on Time beyond regulation, customers will get pleasure from improved odds (2% higher than baseline odds) in comparison with different collaterals. This boosts $OVER token utilization and aligns token holders with platform customers.
- Buyback & Burn: All charges from Time beyond regulation will movement straight in the direction of $OVER token buybacks, focusing your entire progress of the mission in the direction of the token. Burning the buybacks reinforces deflationary token dynamics.
- Governance Token: Holding $OVER grants voting energy inside Time beyond regulation’s decentralized governance construction.
The $OVER token is constructed utilizing Chainlink’s CCT token commonplace for simple and safe cross-network bridging utilizing Chainlink’s CCIP. The token might be stay and liquid on Optimism, Arbitrum, and Base throughout distinguished decentralized exchanges equivalent to Uniswap, Velodrome, and Aerodrome.
How Time beyond regulation works
Time beyond regulation improvements are a testomony to its trade management:
- Onchain Parlays, System Bets, and SGPs: With its cutting-edge sensible contract expertise, Time beyond regulation brings superior sportsbook options onchain.
- Reside Betting: With the Merkle Tree-based core structure paired with strong Chainlink oracle infrastructure, Time beyond regulation has managed to carry Reside Betting onchain with out the dangers of frontrunning and poisonous movement.
- Permissionless Liquidity Offering: Time beyond regulation Liquidity Swimming pools permit anybody to deposit USDC, ETH, and BTC collateral to achieve publicity to platform efficiency and act as a counterparty pool in opposition to the merchants.
- Onchain Free Bets infrastructure: Anybody can wrap their tokens and ship them as Time beyond regulation Free Bets. Time beyond regulation’s open Free Bets resolution is a cutting-edge instrument for person rewards and onboarding.
A worldwide motion
Time beyond regulation represents an onchain revolution, a real-life instance of how a conventional trade is improved by going onchain. It’s a honest, permissionless, and globally accessible powerhouse that’s sure to organically dethrone all traditional offchain platforms.
In contrast to conventional sportsbooks that will prohibit customers based mostly on efficiency, Time beyond regulation operates on a totally clear and onchain infrastructure. The platform’s design ensures that participation is ruled by sensible contracts, eradicating the power to impose user-specific limitations. Engagement is decided solely by the interplay between customers and the underlying liquidity sensible contracts.
Thus far, Time beyond regulation has distributed cryptocurrency-based incentives, rewards, and competitors payouts amounting to a number of million {dollars} in worth. Participation in Time beyond regulation’s promotional campaigns and airdrops is open to all customers, topic to eligibility standards and regional availability.
About Time beyond regulation
Overtime is a totally onchain sportsbook designed for accessibility, permitting customers to attach through social accounts or EVM-compatible wallets. The platform helps a number of cryptocurrencies and offers fiat onramp choices by bank card funds. Time beyond regulation replicates the core functionalities of conventional sportsbooks whereas working by decentralized infrastructure. The protocol doesn’t implement person bans or individualized restrictions, enabling open entry to put bets and withdraw funds. All through every season, customers could also be eligible for numerous types of incentives equivalent to cryptocurrency airdrops, free wager credit, and different rewards. Moreover, contributors have the choice to contribute to the platform’s liquidity pool, successfully taking up the function of liquidity suppliers.
Contact
Time beyond regulation Information
[email protected]
