Camino Network, one of the first Web3 global travel systems, has finally gotten CAM's underlying native cryptocurrency listed on Tier 1 of CEXes Gate.io and MEXC. The platform is also expanding the number of its partners to open more facilities for travelers around the world.

Camino Network's CAM token has made its debut on the MEXC and Gate.io exchanges

CAM, which is the utility's underlying cryptocurrency Camino networka leading travel ecosystem focused on Web3, has landed on two major centralized cryptocurrency exchanges. Starting today, January 17, 2025, the token will be available to traders on spot platforms.

On both exchanges, the token is available for trading in pairs with US Dollar Tether (USDT), the largest stablecoin pegged to the US dollar.

The listing of CAM on major exchanges by MEXC and Gate.io will expand access to CAM and the Camino Network and deepen the liquidity of the token. In turn, these developments aim to raise awareness of the rapid progress Camino is making in its goal of transforming the travel industry with Web3 technology.

Thomas Sternemann, Chair of the Board of the Camino Network Foundation, highlights that CEX's first listings are a culmination of advances in community and technology growth:

With auditors and partners on almost every continent prior to launch, Camino Network stands out from other projects. Our next step is clear: drive continued growth to connect all travel across the chain.

The exchange's listings track seed and pre-sale rounds that raised a total of $10 million to build out the Camino Network infrastructure. With its main network now in place, over 100 travel industry validators and 200 active companies, the stage is set for the next phase of Camino's global growth, powered by the CAM token.

Bringing travel and tourism enthusiasts to Web3: What is the Camino Network?

Matt Low, Commercial Director of Outlier Ventures, one of the venture capital firms backing Camino Network, is excited about his company's latest milestone:

Camino Network's innovative approach to integrating blockchain technology into the travel industry is transformative, creating an ecosystem that enhances efficiency, security and transparency in travel transactions. Their commitment to open source solutions and unified travel data standards positions them as a leading force in the Web3 travel ecosystem and we are proud to have them in our portfolio through our Ascent program.

Within the thriving Camino ecosystem, CAM is used to facilitate transactions. Furthermore, CAM is essential for carrying out cross-chain travel operations and a condition for participating in decision-making processes. Validators can earn CAM rewards to help secure the network. Meanwhile, travelers can access exclusive offers and discounts from holiday providers, including airlines and hotels, by holding CAM codes.

Camino Network is the first L1 network built specifically for the $11 trillion travel industry. It aims to solve critical pain points in the industry, including high payment fees, slow settlements, and complex reconciliations. The network is already processing real business transactions, with hundreds of brands building dApps and Web3 products for B2B and B2C travel.