Watermelon Finance is the first AMM liquidity mining DeFi project on the IOST blockchain. On October 18, 2020, it launched its own AMM decentralized exchange, and within a week, it opened XUSD coinage and allowed liquidity mining. Watermelon finance is completely decentralized and community autonomous, and the holders of XG tokens have full governance rights over the platform. The total quantity of XG is 4 million pieces, obtained entirely through AMM liquidity mining. We will issue 2 million copies in 40 days, and then release the remaining 2 million copies within 200 days. The development team only charges 10% of the excavated XG for long-term maintenance of the platform, and all business revenue from the platform will be used for repurchase and destruction of XG.
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