Hello all bros and sis, have you ever heard of or are you familiar with "Camino Network"?
maybe for airdroppers maybe the name Camino Network is not foreign, maybe bro and sis are now doing their job to get $CAM tokens.
But before going into how to get $CAM tokens, it's better if we first know who Camino Network is? because knowing the fundamentals is very important.
And here I will discuss who they are? how is their project going? and how far their project has gone.
What is the Camino Network?
Camino Network is a blockchain-based Web3 platform founded by three travel industry veterans Ralf Usbeck, Thomas Stirnimann, and Pablo Castillo,
And developed by Chain4Travel (Camino consortium blockchain facilitator) with the aim of improving the travel industry.
The project operates as a Decentralized Autonomous Organization (DAO), which means the community itself makes decisions by voting
and submit a proposal. The Camino Network is governed by the travel ecosystem, including technology developers, industry service providers, and travelers.
So what does Camino Network offer?
The Camino Network offers:
-Low transaction fees
-Significantly reduces risk
-Blockchain finality down to just a few seconds.
Then what about their project journey?
I am here to give an overview of their journey.
Camino Network Its flagship network began operations in May 2023 and seeks to offer clients a versatile network to expand its current business model
and creating innovative tourism products for tourists and business partners.
Although this project is still in the preparation stage, it has achieved several milestones. Most notably, they managed to get the commitment of more than 80 validators who will run the blockchain
after the mainnet launches later this month. Additionally, the company has support from more than 140 different travel companies who will use its technology to build dApp solutions
untuk model Business-to-Business (B2B) dan Business-to-Consumer (B2C).
And this is usually what everyone often asks, how much money has been collected for this project?
Camino Network has raised more than 9.3 million CHF ($10.4 million). Of the total amount, 5 million CHF ($5.59 million) came from private pre-sales, in which 80+ companies from the travel industry participated, in addition to more than 220 individuals.
Some of the participants include names such as Juniper, TUI, Eurowings, DER, Hotelplan, Miles & More, Lufthansa, Schauinsland, and others.
Meanwhile, another CHF 4.3 million ($4.8 million) was raised in the project's Initial Investment, which features investors such as companies in the travel sector that have long-term investments.
And Camino Network also has 3 categories in its project
Namely Users, Partners and consortium members.
Users have permission to read all data recorded on the blockchain.
They can also interact with the network's smart contracts, which they can do every time they purchase a product or pay for a service that the network ecosystem will offer.
Partners must go through Know Your Customer (KYC) or Know Your Business (KYB) verification,
however they can deploy smart contracts on the network. They can also interact with them and read all the data on the chain, just like Users.
However, dApp developers can also check whether the wallet that the app interacts with is verified. The verification results can be used by smart contracts to build business logic.
Partners can also become Consortium Members.
To do this, the Partner must be a company operating in the travel industry.
They must also stake CAM â the Camino Network's native cryptocurrency â and gain entry to the consortium from other members,
who will vote on whether the new company should be accepted or not.
The majority vote determines what will happen next.
However, assuming that the company is successfully selected as a member of the consortium, it will become a member and participate in further voting to govern the network,
determining changes in the protocol's base costs, making decisions that will affect the project roadmap, and so on.
Now that we know who they are, "Camino Network"?
Let's take a look at the tokenomics of Camino Network
$CAM is a native Token funding further project development.
The majority of Camino tokens are held in reserve, which can be used to incentivize the development of travel-related products and dApps.
And here are the detailed details
7% (70 million CAM) is left for the founders, and this amount will be locked in for the first three years.
The other 7.50% (75 million CAM) is dedicated to the project team, which will also be locked in for 3 years.
2.50% of the total supply, or 25 million CAM, went to project advisors â also just three years after the project became operational.
This means the team, founders and advisors will get a total of 17% or 17 million tokens.
Next, the $CAM token is used
4.30% (43 million CAM) for the initial investment, which also comes with a 3 year lockup.
Pre-sales have used 5% (50 million CAM), with the same lockup period.
As for the last ICO, the project decided to dedicate 7.5% (75 million CAM)
for that, this means that the total initial investment is 16.80% or 168 million CAM.
Lastly, there are funds dedicated to marketing, development, and other similar purposes. For example:
20% (200 million CAM) goes into the dApp incentive pool
5% (50 million CAM) is used for marketing
7.50% (75 million CAM) is kept for the second sale
10% (100 million CAM) goes to the Camino Network prize pool
The remaining 23.70% (237 million CAM) will be held for 3+ years as part of project reserves.
This brings the total incentives and reserves to 66.20%, or 662 million CAM.
In total, all this creates a supply of 1 billion CAM tokens that the project will use to reward teams and founders, as initial investment, and for incentives and reserves.
Then what about the journey of the project or the roadmap?
The project has achieved many milestones and milestones on its initial roadmap, but also has big plans for the future including:
And now the Camino has arrived
Q4 2023
PoC Camino Messenger
Presentation of the first p2p messenger for the travel industry and further development.
And there are several others including:
Q3 2023
Establishment of the Camino Network Foundation
This foundation was created to lead the development of decentralized networks in the future.
Q2 2023
Camino Home Network Launch
Mainnet soft launch in several stages. The first DApps were implemented on the Camino Network.
And below are the trips that the Camino Network will take next year
Q1 2024
Testnet Camino Messenger
Implementation of the "Berlin" phase with the beta version of Camino Messenger.
Q2 2024
Camino Messenger Direct
Cross-chain communication and distribution via Camino Messenger.
Q3 2024
Block Explorer 2.0
Improved user experience to intuitively navigate through the web3 travel ecosystem.
Q4 2024
Camino Wallet 2.0
Introduction of new features and UX/UI improvements.
And the next question that is often asked is Is the Camino Network safe?
Camino Network is relatively secure thanks to the decentralization and distributed nature of blockchain technology. All transactions are verified
and recorded by network nodes, meaning it is impossible to hack the blockchain or change its data.
And Camino Network is holding a bug bounty program, where the total bounty will be set at $200,000, half of which will be given in the form of CAM tokens.
And the Camino Network also has 3 chains, namely:
P-Chain, or Platform Chain, which is used to manage and lock shares, validators, and network coordination
C-Chain, or Contract Chain, is fully compatible with Ethereum via EVM, and this is where smart contracts are built;
X-Chain, or Exchange Chain, which is used for rapid creation and management of assets.
Which means this Project explains that the philosophy behind the custom three-chain approach actually comes from Avalanche. Camino uses Avalanche's advanced technical base,
so the same principle applies to the network. Each of the three chains is designed, optimized,
And it is considered a completely independent system, intended only for its own specific use.
Already familiar with the Camino Network?
Next, maybe this is what all bros and sis are waiting for, namely how to get #airdrop or $CAM tokens.
The answer?
Bro and sis can all take part in the Zealy spirit held by the camino network, where those in the top 1000 will get $CAM tokens which will be sent by the camino team after the Zealy event ends.
Maybe that's all I can say. More or less, I apologize because the aim of making this is so that we always know in advance about every project that we will support.
Stay#Dyorokay?
Risk Disclosure and Disclaimer:
The information provided in this survey should not be considered investment advice.
Cryptocurrency assets experience high market volatility therefore, buying, selling and trading them exposes you to significant financial risks
