AI Smart Contract | Step-by-step instructions
Summary
TLDRJacob, a web 3 developer, shares a tutorial on creating an Ethereum sniping bot using AI-powered Chat GPT. This bot monitors the blockchain for new tokens and significant price changes, executing trades swiftly to capitalize on price differences. The tutorial guides viewers through writing a smart contract, deploying it on Remix, and using MetaMask for transactions. Jacob demonstrates the bot's effectiveness, showing a 30% profit within 7 hours, and encourages viewers to subscribe for more web3 insights.
Takeaways
- 😀 Jacob introduces himself as a web 3 developer and shares a private video for free to gain support for his new channel.
- 🤖 The video demonstrates the creation and operation of an Ethereum sniping bot using AI-powered Chat GPT.
- 💰 The sniping bot monitors the blockchain for new tokens and significant price changes, aiming to make profits from price differences.
- 🔍 The bot's advantage lies in its ability to detect tokens immediately after listing or during sudden price changes, using sophisticated algorithms.
- 💼 Jacob assures viewers that operating the bot is simple and does not require coding knowledge.
- 🛠️ The video guides viewers through using Remix IDE to develop, compile, and deploy smart contracts in Solidity.
- 🔗 Jacob provides a link to Remix and instructions on setting up MetaMask and connecting to the Ethereum mainnet.
- 📝 The smart contract code for the sniping bot is provided by Chat GPT and is pasted into Remix for compilation.
- 💡 The video highlights the importance of checking the contract's addresses on Etherscan for transparency and security.
- 🚀 The bot is funded with Ethereum, which is used for trading, and viewers are shown how to check the contract's balance and transactions.
- 📈 Jacob shares his positive experience with the bot, mentioning profits of up to 30% within a day and the potential for even higher earnings.
- ⏲️ The video concludes with a demonstration of stopping the bot and withdrawing funds, showcasing a successful transaction.
Q & A
What is the purpose of the video presented by Jacob?
-The purpose of the video is to demonstrate how to create and operate an Ethereum sniping bot using AI-powered Chat GPT, with the aim of gaining support and attention for Jacob's new channel.
What does the Ethereum sniping bot do?
-The sniping bot monitors the blockchain for new tokens and significant price changes, acting quickly to buy or sell tokens before other traders realize, providing an advantage in making money on price differences.
How does the bot gain its trading advantage?
-The bot gains its advantage by detecting tokens immediately after they are listed or when there is a sudden price change, using sophisticated algorithms to identify these movements and make trades.
What is the role of Chat GPT in creating the sniping bot?
-Chat GPT is used to write the code for a smart contract on Ethereum that automatically hunts for sniping opportunities to earn Ethereum.
What is Remix and how is it used in the video?
-Remix is a web 3 application for developing, compiling, deploying, and launching smart contracts coded in the Solidity language. In the video, it is used to compile and deploy the sniping bot smart contract.
Why is MetaMask mentioned in the video?
-MetaMask is a browser extension that allows users to interact with the Ethereum blockchain. In the video, it is necessary for connecting to the Ethereum mainnet and deploying the smart contract.
What are the functions of the smart contract once deployed?
-Once deployed, the smart contract has functions for starting the bot to monitor markets, withdrawing funds back to the wallet, and viewing the current balance of the bot.
How does the bot determine when to make trades?
-The bot sniffs the mempool to find different liquidity pairs and identifies opportunities for sandwich transactions, which are then executed to make profits.
What is the significance of funding the smart contract with Ethereum?
-Funding the smart contract with Ethereum is necessary as it provides the capital for the bot to make trades. The more Ethereum put in, the larger the trades the bot can make, potentially leading to more profit.
How does one stop the bot from trading?
-To stop the bot from trading, one clicks the 'withdraw' button, which stops the bot and returns the total Ethereum, including profit, back to the wallet.
What is the potential profit shown in the video after running the bot for a day?
-In the video, after running the bot for a little over a day, Jacob shows a profit of about 0.6 Ethereum, which is approximately a 30% increase from his initial deposit.
Outlines
💻 Introduction to Ethereum Sniping Bot
Jacob, a web 3 developer, introduces a video tutorial on creating an Ethereum sniping bot using AI-powered Chat GPT. The bot is designed to monitor the blockchain for new tokens and significant price changes, allowing for quick buying or selling before other traders react. It promises passive income for Jacob and his students. The tutorial includes instructions on using Remix IDE to develop, compile, and deploy a smart contract in Solidity. Jacob emphasizes the bot's effectiveness in detecting tokens immediately after listing or during sudden price changes and highlights the simplicity of the process, requiring no coding knowledge.
🔍 Deploying and Monitoring the Sniping Bot
The video continues with the deployment of the smart contract to a user's wallet using Remix IDE and MetaMask. It covers the process of funding the contract with Ethereum for trading purposes and activating the bot to start monitoring the markets. Jacob demonstrates how to check the contract's address and balance on Etherscan and shows the bot's trading activity after a 7-hour period, which resulted in a 30% profit. He explains the bot's functions, including starting and stopping the bot, and withdrawing funds. The video concludes with a demonstration of the withdrawal process, which returns the initial investment and profits to the wallet, and encourages viewers to subscribe and contact Jacob on Telegram for more information.
Mindmap
Keywords
💡Web 3 Developer
💡Ethereum Sniping Bot
💡AI Powered
💡Smart Contract
💡Remix
💡Solidity
💡MetaMask
💡Gas Fees
💡Etherscan
💡Liquidity Pairs
Highlights
Introduction to the Ethereum sniping bot by Jacob, a web 3 developer.
The bot is designed to monitor the blockchain for new tokens and significant price changes.
It operates like a ninja, buying or selling tokens quickly to capitalize on price differences.
The bot's success lies in its ability to detect tokens immediately after listing or during sudden price changes.
Jacob demonstrates how to write a smart contract for the bot using AI-powered Chat GPT.
Remix IDE is introduced as the platform for developing, compiling, and deploying smart contracts.
MetaMask browser extension is required for interacting with the Ethereum network.
Instructions on creating a new contract named 'bot.soul' in Remix.
Chat GPT-generated code is pasted into the bot file for the sniping trading bot.
Wrapped Ether addresses are mentioned for competition, but no Wrapped Ether is needed for the bot.
Compilation of the smart contract using the 0.6.3 version of Solidity in Remix.
Deployment of the smart contract to the wallet and paying gas fees for blockchain confirmation.
Functions of the smart contract include start, withdraw, and checking the bot's current balance.
Funding the contract with Ethereum for trading purposes.
Checking the contract address on Etherscan to confirm the Ethereum deposit.
Enabling the bot to start monitoring the markets for sniping opportunities.
Results after 7 hours show a 30% profit with several bot transactions recorded.
The bot's balance is confirmed on Etherscan, reflecting the trading profits.
The bot is set to continue running until the withdraw function is triggered.
Withdrawal of profits and initial Ethereum deposit back to the wallet after running the bot for a day.
Jacob's closing remarks, including a call to action for likes and subscriptions, and an invitation to learn more on Telegram.
Transcripts
hello everyone my name is Jacob and I'm
a web 3 developer I recorded this video
for my private Channel but I have
decided to share it with you all for
free in order to gain your support and
attention for my new channel here I will
show you how to create and operate an
ethereum sniping bot using AI powered
chat GPT and guess what it already
brings me and my students passive income
every day which is amazing this sniping
bot monitors the blockchain for new
tokens and significant price changes
when it finds an opportunity it acts
like a ninja buying or selling tokens
quickly before other Traders realize
what's happening this gives us an
advantage in making money on price
differences the secret of the bot
success is its ability to detect tokens
immediately after they are listed or
when there is a sudden price change it
uses sophisticated algorithms to
identify these movements and make trades
for you you just need to sit back and
let the profits roll in if you think
this sounds too complicated don't worry
it's actually pretty simple and doesn't
require any coding knowledge enjoy
viewing all right let's start I asked
chat GPT to write me a code for a smart
contract on ethereum to automatically
hunt for sniping opportunities to earn
ethereum there we go chat GPT is running
the code and I bet it's better than any
human could possibly think
of then head over to remix remix is a
web 3 application that allows us to
develop compile deploy and launch Smart
contracts coded in the solidity language
I'll put a link to remix in the descript
description below make sure you have the
metamask browser extension installed and
you're connected to the ethereum main
net if it's your first time on remix it
may ask you to agree to their terms I've
already done it head over to the sidebar
on the left and create a new
contract we're going to name it bot.
Soul next copy this code from chat GPT
and paste it into the bot file you've
just created this is our sniping trading
bot I will also place this code under
the description so that you can copy it
a couple of things to look at after
pasting the code are lines 13 and 14 you
can follow these addresses using ether
scan these are the addresses of wrapped
ether tokens which we'll be competing
against you don't actually need to have
any wrapped
ether perfect it's the official wrapped
ether address always a good idea to
check that back to remix now that our
bot file is ready let's compile it as
you can see it's built with the
0.6.3 version of
solidity to avoid errors use the same
version click here also make sure that
the language is set to solidity enable
optimization now click on the compile
bot button and wait for the bot to
compile now we're going to deploy this
to our wallet head over to the deploy
and run transactions tab in remix here
we need to select injected provider as
the environment we need to confirm the
contract on the blockchain by paying gas
fees gas fees are the commission for the
ethereum Network for smart contract
deployment now the deployment under
utility is ready to go click
deploy I always set the gas fee to high
there's usually not much of a difference
and it puts the transaction through much
[Music]
faster now we wait for the transaction
to
[Music]
confirm sweet we can see here that it is
confirmed meaning our smart contract is
is deployed now you can see the various
functions for our smart contract the
start button enables the bot to start
monitoring the markets the withdraw
button stops the bot and transfers funds
back to the wallet you can also see the
current balance of the
bot when the smart contract is deployed
copy the address and check it on ether
[Music]
scan as we can see my wallet is the
creator of this contract
[Music]
excellent fund it with some ethereum
which will be used for
trading make sure you get the right
address
here you can fund the contract with
whatever amount of ethereum you want but
keep in mind that the more you put in
the larger the trades you'll be able to
make and potentially more profit you can
accumulate over time
[Music]
sweet there we go the transaction
confirms that the funds were sent to the
contract we can make sure by checking
our contract address on ether scan once
again ensuring our ethereum is in the
contract nice it's got two ethereum
which is the amount we funded the
contract with the last step is to click
the start button this will enable the
bot to start sniffing the me poool to
find different liquidity pairs in order
for you to sandwich
transactions let's set the gas speed to
high save and click
confirm we are waiting for
confirmation
excellent let's go to Ether scan and
make sure the bot has started
working I will now stop the recording
and in a few hours we will see what
result our bot will
[Music]
produce okay I'm here and it's been
about 7 hours let's see what we
got so as you can see I have about 2.6
ethereum which is 30% profit already
here we can see several bot transactions
which in total has brought us 0.6
ethereum let's go to remix and as we can
see the bot's balance is the
[Music]
same I'll let the bot run for a while
longer and come back to check the
[Music]
results all right let's refresh the page
and see what we
got nice it's a little over 2.8 eight
ethereum so it basically took me a day
to gain over half of my deposit back
that's pretty
impressive the bot will continue to run
until we click the withdraw
button when you click withdraw the bot
will stop trading and return to the
total ethereum you've entered initially
including the profit back to the wallet
so let's click
it this will charge us a little bit of
gas I'll set it to high again and then
click confirm
there we
go the transaction
confirmed let's go to our metamask and
see what we have now you can see the
balance from the bot is already now in
my wallet this is only after running the
bot for a little over a day perfect I've
even had weeks where I've made 3 to six
ethereum sometimes even more a lot
depends on the load on ethereum Network
I will delete this video soon as it is a
private Channel video I posted to
attract a new audience drop the like and
don't forget to subscribe message me on
telegram to learn more about making
money with web3 tools
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