Camino Network Foundation, the organization behind the travel-focused blockchain network Camino, has announced the first-ever public sale of its native CAM token. The cryptocurrency will serve as the fuel enabling a suite of decentralized apps and services set to modernize the travel sector.
The public sale comes on the heels of several successful private rounds that raised over $10 million from industry participants, venture investors and ecosystem partners like Lufthansa, TUI, Eurowings and Sixt. With the public sale, Camino opens up its network to general participation for the first time.
Function of Camino Network
“We designed Camino specifically for the global travel ecosystem,” said Camino Network CEO Jonas Primbs. “Seeing leading brands adopt the network has been great validation, but allowing anyone to own and use CAM unlocks a new wave of innovation.”
In total, one billion CAM tokens will be minted by the non-profit Camino Foundation. Of those, 900 million…
