Camino Network’s CAM Token Listed on Major Exchanges: Game Changer for Web3 Travel?

by

The Camino Network, an early pioneer in the global Web3 travel sector, has now made its CAM token available on top-tier cryptocurrency exchanges Gate.io and MEXC. This move not only expands the network’s reach but also allows for increased functionality for travelers worldwide, as the platform has surpassed its partner count.

Camino Network’s token CAM debuts on MEXC, Gate.io exchanges

As of January 17, 2025, CAM, a key cryptocurrency within Camino Network’s innovative Web3 travel platform, can now be traded on two prominent centralized crypto exchanges. This means that starting today, the token will be accessible for traders on these spot trading platforms.

CAM empowers the environment where more than 200 travel and web3 companies are constructing the future of travel on the blockchain. 🌐🛬🩸

— Camino Network 🟣 (@camino_network) January 17, 2025

On these platforms, you can trade the token using USDT, a stablecoin that’s pegged to the US dollar and is widely used, as the trading pair.

By adding CAM to their platforms, MEXC and Gate.io will broaden the reach of CAM and the Camino Network, increasing liquidity for the token. This increased availability could spark greater interest in the advancements being made by Camino as they strive to revolutionize the travel industry with Web3 technology.

Thomas Stirnimann, as President of the Camino Network Foundation, emphasizes that the initial CEX listings mark significant advancements in both community development and technological progress.

Across numerous validators and collaborators on almost every continent prior to its debut, the Camino Network distinguishes itself from similar initiatives. The logical move forward for us now is to promote further expansion so as to link all travel transactions on the blockchain.

The exchange listings are a result of the seed and presale rounds which together amassed $10 million to construct Camino Network’s infrastructure. Now that its mainnet is active and over 100 travel industry validators, as well as 200 businesses, are operational, Camino is poised for its next phase of global expansion. This growth will be fueled by the CAM token.

Bringing travel heavyweights and tourism fans to Web3: What is Camino Network?

Matt Law, as the Commercial Head at Outlier Ventures – one of the venture capital companies supporting Camino Network – expresses enthusiasm over a recent achievement by their organization.

Camino Network’s unique strategy for incorporating blockchain tech into the travel sector is revolutionary, fostering an environment that boosts efficiency, security, and transparency in travel-related transactions. Their dedication to open-source solutions and standardized travel data sets them apart as a groundbreaking player in the Web3 travel community. We are thrilled to have them on board through our Ascent Program.

As a researcher delving into the vibrant Camino ecosystem, I’ve found that CAM serves as a key tool for executing transactions within this digital landscape. It’s not just a currency; it’s the lifeline for conducting on-chain travel operations. Moreover, having CAM is indispensable for engaging in decision-making processes within this network.

Validators are incentivized to help secure the network and maintain its integrity by earning CAM rewards. On the other hand, travelers can reap benefits such as exclusive offers and discounts from airlines, hotels, and holiday providers, simply by holding CAM tokens in their possession.

Camino Network represents the initial L1 (Layer 1) platform specifically designed for the $11 trillion travel sector. Its primary objective is to address significant challenges within this industry, such as high transaction fees, delayed settlements, and intricate reconciliations. The network has already started processing genuine business transactions, and it’s currently hosting over hundreds of brands that are developing dApps (decentralized applications) and Web3 products for travel-related B2B (business-to-business) and B2C (business-to-consumer) interactions.

Read More

2025-01-17 17:46