Camino Network’s native token, CAM, debuted on two prominent centralized exchanges, MEXC and Gate.io, today paired with USDT.
The listing is expected to expand CAM’s accessibility and heighten awareness about the network’s ambitions in the $11 trillion travel industry.
Travel-Specific Blockchain
Camino Network is the first Layer 1 blockchain explicitly built for the travel industry, addressing issues like high payment fees, slow transactions, and complex reconciliations.
Sponsored
It connects millions of travel suppliers with major brands like Lufthansa Group, DERTOUR, and TUI, streamlining booking and loyalty systems. With over 200 businesses, including airlines, tour operators, and car rental companies, already on board and its mainnet live, Camino is also supported by more than 100 travel industry validators.
According to Thomas Stirnimann, Council President of the Camino Network Foundation, listing the CAM token marks the next phase of Camino’s global growth.
“With validators and partners on nearly every continent ahead of launch, Camino Network stands apart from other projects. Our next step is clear: driving continued growth to bring the entire travel industry on-chain.”
Use Cases of CAM Token
CAM, a utility token with a fixed supply of $1 billion, powers multiple functions on the Camino Network.
The token is integrated into Camino Messenger, the first global decentralized booking protocol, enabling real-time sharing of flight schedules, seat availability, and prices between airlines like Lufthansa and booking platforms.
CAM facilitates transactions within the Camino ecosystem, supports on-chain travel operations, and grants voting rights in governance. Validators earn CAM rewards for securing the network, while travelers can access exclusive offers from airlines and hotels by holding the token.
Web3 Adoption Accelerates in the Travel Sector
Web3 adoption in the travel industry, one of the world’s largest sectors, is steadily increasing as companies integrate blockchain to enhance user experience and build decentralized, transparent platforms.
A TravelTech Show survey found that 74% of travel experts plan to leverage Web3 for marketing, underscoring the sector’s shift toward blockchain.
In 2024, over 560 million people used cryptocurrencies globally, with rising adoption across retail, finance, and travel sectors.
Nearly 15% of American travelers are interested in paying with cryptocurrency for travel, reflecting the growing demand for crypto-friendly options.
On The Flipside
- Mass adoption of blockchain-based travel platforms might take time, as many global users are still unfamiliar with Web3 tools.
Why This Matters
The move underscores the growing adoption of decentralized solutions in the travel sector, potentially setting the stage for broader use of blockchain in industries that deal with large, complex transactions and data flows.
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