BARR (SWITZERLAND) - Blockchain startup Chain4Travel is launching the pre-sale of the Camino Token (CAM) to interested companies and private investors from the travel industry. In the future, the token will offer the ability to buy and sell services and products as a partner in the network, as well as to act as a validator and participate in the operation of the travel industry blockchain and exercise voting rights.
Chain4Travel has already successfully closed its first seed funding round in June this year for the value of 4.3 million Swiss francs. The Camino token is now available in pre-sale and the Initial Coin Offering (ICO) is expected to follow later this year.
The objective of Chain4Travel is to establish a decentralized blockchain-based network for the efficient and secure trading of travel products. In the future, the network will be operated and managed by the industry partners themselves. Therefore, for the pre-sale, all interested companies from the global travel industry are now invited to purchase Camino tokens. With CAM as the native currency, all transaction processes can later be mapped in the network, including the payment of transaction fees. Another purpose of CAM is the incentivization of a decentralized app (dApp) development, as well as marketing activities such as airdrops, and more. Ultimately, individuals and businesses who want to advance the idea of a blockchain-based ecosystem for the travel industry as a future operating system can invest.
If interested in investing, simply complete the form on the website www.chain4travel.com. Further information on the exact transaction process can also be found here. CAM investments start from 20,000 Swiss francs for companies and from 1,000 Swiss francs for private individuals. Prices depend on whether a lock-up period of three, four or five years is chosen.
Ralf Usbeck, CEO of Chain4Travel, said: "We are convinced that Camino can revolutionize the global travel industry. We have already attracted more than 50 interested partners and look forward to taking this global journey together."
Thomas Stirnimann, COO of Chain4Travel, added: "Our goal is to make the Camino network as broad as possible. The more partners who participate, the faster we will be able to benefit from the advantages of this decentralized technology."