The Camino Network validator community gathered for a governance vote that has shaped the future of everything we have built together. After presenting three paths forward, the validators have decided that the Camino Network Foundation will pursue an orderly closure.

This was not an easy outcome to reach or to communicate. We want to be transparent about what it means, what happens next, and what options remain open to everyone who has supported this network.

What we built together

Before we talk about endings, it is worth taking a moment to recognise what this community has achieved.

Over the past years, Camino Network became the first blockchain purpose-built for the travel industry. We launched Camino Messenger — the first decentralised B2B booking protocol for travel — and brought it live on mainnet. We onboarded more than 200 brands and organisations, including Lufthansa Group, TUI, Eurowings and DERTOUR. We supported 68 active projects across hotel, airline, insurance and tour operator verticals. We processed more than 7 million mainnet transactions. We created over 100,000 wallets and listed the CAM token on leading crypto exchanges.

None of that disappears. The technology, the partnerships, and the vision of a more connected, transparent travel industry remain valid — and we are proud of every team that contributed.

Why the Foundation is closing

The Foundation's treasury is exhausted. With Q1 and Q2 2026 invoices still outstanding, we had approximately six weeks of runway remaining at the time of the vote. The vote did not reach the quorum required to proceed with either the 3-Year Continuity paid through an annual validator fee. Under the governance rules agreed upon before the vote, this triggers the orderly closure of the Foundation.

What orderly closure means

The Foundation will begin a structured wind-down immediately. Concretely:

• Foundation-managed technical infrastructure, security monitoring and ecosystem support will be discontinued.
• Our exchange relationships with Gate.io and Bitpanda, and the associated market-making for CAM, will cease. Token holders should be aware that CAM is at risk of delisting from these centralised exchanges.
• Foundation-coordinated business development, partner onboarding and promotional activities will end.
• Validators who wish to continue operating nodes may do so independently. The network can technically persist with a minimum of six active validators, though without any centralised coordination or oversight.

We will communicate further details about the timeline and process as the wind-down progresses.

An option for token holders: migrate CAM to Ethereum

As part of today's validator assembly, Travel Token Marketplace (TTM GmbH) presented an optional and voluntary migration pathway for CAM token holders who want to preserve the tradability of their tokens.

The proposal allows a 1:1 migration of CAM to a new ERC-20 contract on Ethereum, with a WBTC/CAM liquidity pool deployed on Uniswap v3. The pool runs autonomously once deployed — no foundation, no validators, no ongoing maintenance required.

How it works:

• Existing CAM balances (including vested tokens) map 1:1 to the new ERC-20 contract
• Cost: €300 per 1,000,000 CAM tokens migrated
• Minimum threshold: €50,000 in total (approximately 166 million CAM tokens must be committed before the service proceeds)
• End-to-end execution — bridge mechanics, contract deployment, pool seeding and listing — is handled by TTM GmbH
• CAM becomes tradeable on Uniswap against WBTC from day one, accessible to any DEX, aggregator or wallet on Ethereum
• Vested CAM token can be migrated to and will be immediately available, however liable to the migration cost too.

This option is entirely voluntary. No validator or investor is obligated to participate. If you would like to explore this option or stay informed as it develops, you can sign up to this email address from Travel Token Marketplace who will reach out to all parties interested in the coming weeks:

→ Sign up for the CAM migration

The migration only proceeds if the minimum threshold is reached before 31 July 2026 (deadline extended from 30 June 2026), so signing up is the right first step to understand whether this path will be viable.
(Update, 24 August 2026: TTM GmbH has informed us that the migration did not receive the required quorum and will not take place.)

Thank you

To every validator who ran a node, every partner who built on Camino, every team that shipped a live project, and every investor who believed in the vision of a decentralised travel industry — thank you.

This is not the outcome any of us hoped for. But it is an honest one, and we are committed to managing the closure responsibly, transparently, and with respect for everyone who contributed.

If you have questions about the closure process, please reach out directly to the Foundation.

The Camino Network Foundation