Camino Network, The Travel Industry L1 Blockchain, Announces Public Sale Of CAM Token


Camino Network Foundation, the non-profit organization fostering the development of Camino Network, is announcing the first public sale of Camino Token (CAM), the native cryptocurrency of the Layer1 for the global travel industry.  

The CAM token’s public sale comes in the wake of a successful seed round of the project’s main developer, followed by private pre-sale and industry rounds that saw strong demand from ecosystem participants and other early investors. In total, 8.8 m CHF (approx 10m USD) were raised.

Camino Network is a public and permissioned blockchain specifically designed for the travel industry and run by a consortium of travel industry participants. It promises to transform the travel industry by enabling participants to build and deploy decentralized applications powered by smart contracts, ushering in a new era of travel-related products and services. First promising dApps are already live on Camino Network – and more than 170 major travel players, from airlines, technology providers and hotels to tour operators are part of the ecosystem and supporting the network. These companies include major brands like Lufthansa, TUI, DER Touristik, Eurowings, Sunny Cars, Sixt and others.

Within the Camino Network, CAM plays a vital role as its native cryptocurrency, facilitating transactions, incentivizing participation, solving B2B distribution challenges while creating entirely new business models and making Web3 technologies more accessible to organizations within the travel sector.

The CAM total supply is 1 billion tokens, of which 900 million were pre-minted at the time of origin on April 26, 2023, and 100 million were left unminted and are currently used to issue rewards for deposits that accrue them. In September of last year, Camino Network hit the target of its private pre-sale of 4,6 million CHF.

For the first public sale, 75 million CAM tokens will be available for buyers in three tranches of 25 million tokens each. The first tranche will be priced at 0.15 CHF. Once sold out, the second tranche is set at 0.175 CHF and the third costing 0.2 CHF. Participants in the sale must commit a minimum of 1,000 CHF to acquire CAM tokens. All tokens will be locked for a period of 1.5 years, with a vesting period of 1 year. The participants will be rewarded at a rate of 3% per year for 2 years, beginning at the public sale which leaves participants with a total reward rate of 6% of unlocked tokens.

Under Swiss and European legislation, CAM is legally defined as a utility token that’s used to facilitate transactions and provide utility in the form of network validation and access to specific products and services. This multi-dimensional utility makes CAM an integral part of the Camino Network’s ecosystem, acting as a key element in its operation and growth. The Camino Network Foundation will announce the exact date for the listing once all conditions for a successful launch are met.

Participate here:

Please note that this is not a financial advice.

About Camino Network Foundation

Camino Network Foundation is a non-profit organization based in Zug, Switzerland, driving the development of a blockchain-based ecosystem in the global travel industry. The Camino Network Foundation supports the development of Camino Network, the first Layer 1 blockchain built specifically for the travel industry by travel technology experts.

Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.

  • Read this next

    Digital Assets

    Bitcoin breaks all records with a massive $1.347 billion transaction

    This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.


    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.

    Digital Assets

    FTX cleared to sell $1 billion stake in AI outfit Anthropic

    A Delaware bankruptcy court just approved a plan allowing the now-defunct FTX and its creditors to offload the exchange’s $1 billion stake in AI outfit Anthropic.