Xugong Group Launches “For Real” NFT Online Plan with Conflux

03/31/2023 03:52 • Blockchain Briefs • 96 views

On March 31, Xugong Group, the world’s third largest construction machinery brand, and Conflux officially launched the NFT “For Real” online plan, and launched the NFT whitelist lottery on the taskon activity platform.

XCMG and Conflux jointly launch NFT limited whitelist activity

Introduction

On March 31, Xugong Group, the third largest construction machinery brand in the world, announced the launch of its Non-Fungible Token (NFT) “For Real” project. The brand collaborated with Conflux to launch this initiative, offering an NFT whitelist lottery on the taskon activity platform. This article provides a detailed overview of the project, describing what NFT is, the benefits of the “For Real” project, and how to participate in the NFT whitelist lottery.

What is NFT?

NFT, short for “Non-Fungible Token”, is a unique digital token that provides verification and proof of ownership for unique or rare items. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, NFTs cannot be exchanged for equal value. Instead, NFTs are unique and represent one-of-a-kind items or experiences, such as artwork, music, videos, and now even heavy machinery.

The “For Real” Project

The “For Real” project is a collaboration by two Chinese giants, Xugong Group and blockchain company Conflux. The project aims to utilize NFTs as a means of proving authenticity, ownership, and providing traceability for heavy machinery. It is a revolutionary concept in the construction industry.
According to the announcement by Xugong Group and Conflux, the project will provide transparent and traceable information on the life cycle of their machineries, giving a digital twin for each machine. The project will also provide information on the machine’s usage and maintenance history, which can facilitate easier decision making and better-quality service.

Benefits

The “For Real” project is primarily aimed at improving the traceability, transparency, and authenticity of heavy machinery. The use of NFTs can help reduce fraud, support resale, enable remote maintenance, and improve accountability. It will also establish a data-sharing platform that can help in the optimization of the machine working process.
The use of NFTs can also help in combating the use of counterfeit machinery in the industry. The NFTs can guarantee the authenticity of the equipment and provide a reliable source of information to verify ownership.

How to Participate in the NFT Whitelist Lottery

The NFT whitelist lottery is a platform for individuals to receive exclusive access to purchase the project’s “For Real” NFT. Xugong Group and Conflux have created a taskon activity platform for the lottery program.
To participate in the lottery, individuals must visit the taskon activity platform and register for an account. Once an account is created, users can participate in the NFT whitelist lottery. The lottery program randomly picks participants from the whitelist, giving them exclusive rights to purchase an NFT.

Conclusion

The “For Real” NFT project is a groundbreaking initiative in the construction industry that has the potential to significantly improve authenticity and accountability in the sector. The use of NFTs can guarantee the authenticity of equipment and provide transparency in the machine’s life cycle. The participation of Xugong Group and Conflux is a clear indication of the adoption of blockchain technology in business operations.

FAQs

1. What is NFT?
NFT, short for Non-Fungible Token, is a unique digital token that provides verification and proof of ownership for unique or rare items.
2. What is the “For Real” project?
The “For Real” project is a collaboration between Xugong Group and Conflux that aims to use NFTs as a means of proving authenticity, ownership, and providing traceability for heavy machinery.
3. How do I participate in the NFT whitelist lottery?
Individuals can participate in the NFT whitelist lottery by registering for an account on the taskon activity platform provided by Xugong Group and Conflux. Participants will then be randomly picked from the whitelist to purchase an NFT.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/31/xugong-group-launches-for-real-nft-online-plan-with-conflux/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.