Camino Network's CAM token is now listed on MEXC and Gate.io, boosting its liquidity and supporting global travel industry growth.
Camino Network raised $10 million in seed and presale rounds, fueling the development of its blockchain infrastructure.
CAM serves as a utility token for travel transactions, offering exclusive benefits to holders like discounts on services.
Camino Network, a layer 1 blockchain platform built specifically for the $11 trillion travel industry, has listed its native token CAM on two cryptocurrency exchanges: MEXC and Gate.io. The listings, which went live on January 17, allow users to trade CAM paired with USDT USDT$1.0024h volatility:0.0%Market cap:$141.94 BVol. 24h:$79.28 B
, increasing accessibility and liquidity for the token.
The listing follows a seed and presale round in which Camino Network raised $10 million to build its infrastructure. With its mainnet now live, the network has over 100 travel industry validators and 200 businesses involved. Powered by the CAM token, the project is expanding globally.
The listings on MEXC and Gate.io are expected to increase CAM’s visibility and accessibility, further accelerating Camino Network’s global growth and its vision of an interconnected travel ecosystem powered by blockchain.
The CAM token has a fixed supply of 1 billion and is designed to be a utility token within the Camino Network. It is used to run transactions and travel operations. Holders of the token can also participate in the decision-making process within the ecosystem.
Validators can earn CAM tokens by securing the network, and travelers can receive exclusive offers and discounts from airlines and hotels by holding CAM tokens. The team stated:
“Within the growing Camino ecosystem, CAM is used to facilitate transactions. Furthermore, CAM is essential for executing on-chain travel operations and a requirement for participating in decision-making processes. Validators can earn CAM rewards for helping to secure the network. Travelers, meanwhile, can gain access to exclusive offers and discounts from holiday providers including airlines and hotels by holding CAM tokens.”
Revolutionizing Travel with Blockchain Integration
The token is integrated into Camino Messenger, a decentralized booking system that helps companies like Lufthansa Group share real-time flight details with travel agencies. Camino Network aims to solve the travel industry’s challenges, such as high fees, slow payments, and complex processes. As a travel-focused blockchain, it introduces TravelFi, tokenization, and NFT ticketing to the redefine industry.
Matt Law, the Chief Commercial Officer of Outlier Ventures, noted that Camino Network is transforming the travel industry with blockchain, improving efficiency, security, and transparency. He praised their open-source approach and data standards, calling them a leader in Web3 travel. He stated:
“Camino Network’s innovative approach to integrating blockchain technology within the travel industry is transformative, creating an ecosystem that enhances efficiency, security, and transparency in travel transactions. Their commitment to open-source solutions and unified travel data standards positions them as a pioneering force in the Web3 travel ecosystem and we are proud to have them in our portfolio through our Ascent Program.”
Camino connects travel suppliers with major brands like Lufthansa Group, DERTOUR, and TUI. It replaces multiple APIs with a single system, creating a smoother travel experience. Camino Network is a Layer 1 blockchain for the travel industry, addressing issues like payment and connectivity.
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Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.