Camino Network price

CAM

#716

Camino Network is the first layer 1 blockchain designed for the $11 trillion travel industry. It connects travel companies worldwide, allowing them to process bookings, payments, and data sharing directly within the network, creating a more efficient and cost-effective travel ecosystem owned and operated by travel companies.

The project has gained significant industry support, with over 200 major travel brands, including Lufthansa, TUI, Miles & More, Sixt, DERTour, Hotelplan, and Eurowings already participating in the network. This adoption is further strengthened by 100+ institutional validators and substantial backing from prominent investors, with over $10 million in funding from travel tech specialists and venture capital firms, including w3.fund, ennea Capital Partners, Falkenstein Ventures, Outlier Ventures, and Brockhaus Private Equity.

The CAM token powers all operations on Camino Network, serving as a utility, payment, and governance token. Network participants use CAM for transaction fees and direct payments, while validators lock CAM to secure the network and participate in governance decisions.

By enabling the tokenization of travel assets (RWA) like tickets and hotel bookings, Camino Network introduces TravelFi. This new financial paradigm uses crypto and stablecoins to reduce the industry's typical 3% credit card fees. Real-world applications are already emerging, from AI-powered online travel agencies accepting crypto payments to airport operations systems using blockchain to minimize flight delays through better data management.