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 one week, it initiated the minting of XUSD and allowed for liquidity mining. Watermelon Finance is fully decentralized with community governance, where holders of the XG token have complete control over the platform. The total supply of XG is 4 million tokens, all of which can be obtained through AMM liquidity mining. Two million tokens will be issued over 40 days, followed by the remaining 2 million tokens issued over the next 200 days. The development team only takes 10% of the mined XG to ensure long-term maintenance of the platform. All business revenue generated on the platform will be used to buy back and burn XG.