104 is just a bit big for the chainring sizes some people want with their one-bys. With 98 mm five-arm (old style 5 arm compact) you can go down to a 28t but only with spacers. So a new bolt standard was needed. But there already is the SRAM 94 mm one, which accommodates down to a 28t though that is four bolt. Which Wolf Tooth already make rings for, and direct mount ones.
So what I don’t understand is why they didn’t take the SRAM 94mm four bolt standard and make spiders for that in varying offsets.
Haven’t seen what the bcd is for CAMO though.
ETA somewhat ninja’d by STATO there.