ABO Digital commits 3 million dollars to Camelcoin’s Fairtrade E-volution development program.
Camelcoin secures 3 million dollars from ABO Digital as a strategic financial partner.
Camelcoin is pioneering the tokenization of the camel market, striving to usher in a Fairtrade E-volution by enabling e-commerce access to isolated areas.
This funding commitment from ABO Digital represents a significant milestone for Camelcoin. The project plans to use these funds to further advance its mission in various aspects. The capital will help in the development of Cameleader – an AI-powered social network app specializing in camels. This unique app will have automatic written and audio translation features. Furthermore, funds will be allocated to Camelzone, the world’s first decentralized e-commerce platform dedicated to camel-related products and activities. Additionally, Camelink, a blockchain-powered network system, will be introduced, aiming to provide internet access to isolated regions through devices worn by camels.
All those creative innovations will be connected to the already existing Wallet & NFT minting app for Cardano and Avalanche: The Hump .
« ABO Digital is excited to be partnering with Camelcoin, a project that is bringing Web3 and decentralization to one of the oldest trades in the world. »
Commented ABO Digital CEO Amine Nedjai
The combined initiatives of Camelcoin are designed to empower and revolutionize the camel market and provide greater connectivity and business opportunities to isolated areas, making it a groundbreaking endeavor in the digital space.
Jeremy Weech, Investment Associate at ABO Digital added
« The camel industry is large and extremely fragmented, resulting in consumers, sellers, and suppliers transacting in many different currencies across multiple regions. The market is ripe for disruption via a decentralized blockchain through which all participants can transact. »
The latest partnership will entail introducing Camelcoin to the ABO network of investors and helping the team structure innovative camel-related financial products that could be used in the digital asset space to raise alternative funding. The deal provides for access to a maximum of $6M as and when required and ensures Camelcoin has a long and stable runway.
About Camelcoin
Founded in 2021 by Issa Jérémy VICTOR, The Camelcoin Project aims to develop and promote all camel related economical activities worldwide. The global Camelcoin ecosystem allows to generate incomes in isolated areas and to prevent crisis due to global warming. You can buy Camelcoin (CML) on XT.com .
About ABO Digital
ABO Digital is a digit artificial intelligence asset investment firm and part of the Alpha Blue Ocean group, which has executed more than $2 billion in financing commitments for publicly listed companies across the globe. ABO Digital is based in the Bahamas and invests in cryptocurrency projects globally.
