Camino Network Integrates Fireblocks To Bring Direct Connectivity to Its Token Holders

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Zug, Switzerland, September 30th, 2024, Chainwire

The Camino Network, a blockchain system designed for the travel sector, is thrilled to share news about its collaboration with Fireblocks, a platform helping businesses manage digital asset operations and construct innovative blockchain-based ventures. By connecting with Fireblocks, users of the Camino Network will gain access to over 2,000 partners for liquidity trading, dealings on various trading platforms, and counterparties within the Fireblocks Network.

Camino Network represents a blockchain system at its fundamental level, specifically tailored to facilitate various travel-oriented products and real-world applications. It’s guided by influential figures within the travel industry. Currently operational with several dApps like Sleap for hotel bookings, and boasting over 200 major global travel companies such as TUI, Lufthansa, and Sixt on board, Camino Network has introduced a novel digital framework for travel.

Fireblocks offers a secure platform for transporting, depositing, and minting digital assets, having facilitated the transfer of more than $6 trillion in such assets. By utilizing Fireblocks, Camino Network will make the CAM token accessible to numerous investors while providing travel industry firms with the assurance to delve into the advantages of web3 technology. This will also assist in achieving significant landmarks on the Camino Network timeline, including exchange listings, once the public sale is finalized.

Thomas Stirnimann, President of Camino Network Council, stated: “Given the expanding Camino Network ecosystem, it’s clear that there’s a growing need for a reliable custody solution for CAM token holders. Partnering with Fireblocks gives us access to over 30 well-known crypto exchanges and trading platforms, all through a single integration. Furthermore, Fireblocks offers the most secure and robust digital asset treasury management solution currently available in the market.

The native CAM token of Camino Network is about to be launched soon, following a highly successful seed funding round and pre-sale that generated intense interest from players in the travel industry, amassing over 8.8 million Swiss francs (CHF). Prior to its scheduled exchange listing in Q4 2024, there has been substantial institutional investment in CAM, indicating growing interest. This underscores the pressing demand for a top-tier custodial solution for early adopters of the platform.

In essence, Camino Asset (CAM) serves a crucial function within its network, primarily acting as the native digital currency. This versatile token is employed to streamline transactions, motivate validator engagement, tackle business-to-business distribution hurdles, and make Web3 technologies more user-friendly for travel industry organizations by creating a strong economy tailored to their needs. Notably, various partners within the ecosystem are providing benefits to CAM holders, including discounts, loyalty programs, and even the option to settle services with Camino Token.

Richard Astle, Fireblocks Network’s Vice President of Business Development, stated: “Using the Fireblocks Network, Camino Network users can easily tap into a leading digital trading marketplace boasting over 2,000 institutional partners. This connection will significantly enhance the international web3 travel network.

About Camino Network

The Camino Network is a Layer 1 blockchain designed exclusively for the travel industry, run by a group of leading industry professionals. By revolutionizing distribution systems and addressing connectivity issues within the vast travel market valued at trillions of dollars, Camino reshapes the future of this sector. With over 200 brands, 100 validators, and more than $10 million in investments supporting it, Camino is leading the charge towards a Web3-enabled travel industry.

Disclaimer: This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset marketing communication. NOTHING IN THIS CRYPTO-ASSET MARKETING COMMUNICATION CONSTITUTES A PROSPECTUS OF ANY KIND, AN INVESTMENT OR INVESTMENT ADVICE SOLICITATION, OR AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION”.
Contact

Avishay Litani
pr@marketacross.com

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2024-09-30 17:40