AI Smart Contract | Step-by-step Instructions

Summary

Jacob, a web 3 developer, introduces an Ethereum sniping bot designed to capitalize on new token listings and price fluctuations for passive income. The bot, powered by AI and operating through smart contracts on Remix IDE, automatically detects opportunities and executes trades. With a simple setup involving MetaMask and a few lines of code, users can monitor and trade without coding expertise. The video demonstrates the bot's deployment, funding, activation, and withdrawal process, showcasing a 30% profit within 7 hours.

Takeaways

• 🌐 Jacob introduces himself as a web 3 developer and shares a video meant for his private channel to gain support for a new channel.
• 🤖 The video demonstrates creating an Ethereum sniping bot using AI-powered Chat GPT to generate passive income.
• 🔍 The sniping bot monitors the blockchain for new tokens and significant price changes, acting swiftly to capitalize on price differences.
• 💡 The bot's success hinges on its ability to detect tokens immediately after listing or during sudden price changes using sophisticated algorithms.
• 💻 Jacob asks Chat GPT to write code for a smart contract on Ethereum to automatically find sniping opportunities.
• 🛠️ Remix IDE is used to develop, compile, deploy, and launch smart contracts written in Solidity.
• 🔗 A link to Remix IDE and instructions for using it with MetaMask are provided in the video.
• 📄 The smart contract code is pasted into Remix, with specific attention given to lines 13 and 14 for Wrapped Ether addresses.
• 💼 The bot file is compiled with Solidity version 0.6.5, and optimization is enabled to avoid errors.
• 💰 The smart contract is deployed to the Ethereum mainnet, with gas fees paid for the transaction.
• 🔄 The bot's functions include starting and stopping market monitoring, as well as withdrawing funds back to the wallet.
• 📈 The video concludes with Jacob showing the bot's performance after a day, demonstrating a significant profit from trading.

Q & A

Who is the speaker in the video?

The speaker is Jacob, a web 3 developer.

What is the main topic of the video?

The video is about creating and operating an Ethereum sniping bot using AI-powered chat GPT.

What does the sniping bot do?

The sniping bot monitors the blockchain for new tokens and significant price changes, buying or selling tokens quickly to take advantage of price differences.

How does the bot gain an advantage in trading?

The bot gains an advantage by detecting tokens immediately after they are listed or when there is a sudden price change, acting faster than other traders.

What is the role of AI in the sniping bot?

AI, specifically chat GPT, is used to write the code for the smart contract that powers the sniping bot.

What tools or platforms are mentioned in the video for developing the bot?

Remix IDE and MetaMask browser extension are mentioned for developing, compiling, deploying, and interacting with the smart contract.

What is the significance of the addresses on lines 13 and 14 in the code?

The addresses on lines 13 and 14 are the addresses of wrapped Ether tokens that the bot will be competing against in trades.

What is the purpose of the 'start' and 'withdraw' buttons in the smart contract?

The 'start' button enables the bot to monitor the markets, and the 'withdraw' button stops the bot and transfers funds back to the wallet.

How does the bot determine when to make trades?

The bot uses sophisticated algorithms to identify opportunities in the market and make trades automatically.

What is the potential profit shown in the video after running the bot for a day?

After running the bot for a day, the speaker shows a profit of about 30%, with the bot's balance increasing from 2 to 2.6 Ethereum.

How does one stop the bot from trading and retrieve the funds?

To stop the bot and retrieve the funds, one clicks the 'withdraw' button in the smart contract interface, which stops the bot and returns the Ethereum, including profits, back to the wallet.

Outlines

00:00

💻 Introduction to Ethereum Sniping Bot

Jacob, a web 3 developer, introduces an Ethereum sniping bot designed to monitor the blockchain for new tokens and significant price changes. The bot operates swiftly, buying or selling tokens before other traders can react, providing a competitive edge. It uses advanced algorithms to detect token listings and price movements, automating trades for passive income generation. Jacob demonstrates the process of creating a smart contract for the bot using AI-powered Chat GPT and Remix IDE, a platform for developing and deploying smart contracts in Solidity. He guides viewers through setting up the bot, including compiling and deploying the smart contract, and funding it with Ethereum for trading.

05:00

🔍 Monitoring and Profits of the Sniping Bot

The video continues with Jacob showing how to set the bot to monitor the market for sniping opportunities. He explains the process of starting the bot, which involves setting the gas speed and confirming the transaction on the Ethereum network. The bot's performance is checked after several hours, revealing a 30% profit with multiple transactions recorded. Jacob demonstrates how to check the bot's balance and transactions on Remix and Etherscan. He plans to let the bot run longer to accumulate more profit before stopping it with the 'withdraw' function, which returns the initial investment and profits to the wallet. The video concludes with Jacob sharing his experience of making significant profits with the bot and encouraging viewers to subscribe and learn more about web3 tools.

Keywords

💡Web 3 Developer

A Web 3 Developer is a professional who specializes in creating applications and systems for the decentralized web, often utilizing blockchain technology. In the video, Jacob identifies himself as a Web 3 Developer, indicating his expertise in building and operating applications on blockchain platforms like Ethereum. This role is central to the video's theme as it sets the stage for his credibility in discussing the creation and operation of an Ethereum sniping bot.

💡Ethereum

Ethereum is a decentralized, open-source blockchain system that features smart contract functionality. It is the second-largest cryptocurrency platform by market capitalization. In the video, Ethereum serves as the platform on which the sniping bot operates, monitoring the blockchain for new tokens and significant price changes, highlighting its role in facilitating decentralized finance (DeFi) applications.

💡Sniping Bot

A sniping bot is a type of trading bot designed to quickly execute trades on new listings or sudden price changes, aiming to capitalize on short-term price discrepancies. In the context of the video, Jacob demonstrates how to create an Ethereum sniping bot that acts swiftly to buy or sell tokens before other traders can react, which is crucial for gaining an advantage in the highly competitive crypto trading environment.

💡AI Powered Chat GPT

AI Powered Chat GPT refers to an artificial intelligence-driven chatbot that can generate human-like text based on input prompts. In the video, Jacob uses Chat GPT to write code for a smart contract on Ethereum, showcasing how AI can be leveraged to automate complex tasks in blockchain development, which is a significant part of the video's demonstration.

💡Smart Contract

A smart contract is a self-executing contract with the terms of the agreement directly written into code. It is a key component of blockchain technology, enabling trustless and transparent transactions. The video script describes the creation of a smart contract for a sniping bot, which automatically hunts for trading opportunities on the Ethereum network, emphasizing the importance of smart contracts in automating trading strategies.

💡Remix

Remix is an open-source platform that allows developers to write, deploy, and manage smart contracts on the Ethereum blockchain. It is mentioned in the video as the tool Jacob uses to develop and deploy the sniping bot's smart contract, illustrating the practical use of Remix in the blockchain development process.

💡MetaMask

MetaMask is a browser extension that acts as a cryptocurrency wallet and enables interaction with the Ethereum blockchain. In the video, Jacob instructs viewers to have MetaMask installed and connected to the Ethereum mainnet, which is essential for deploying and interacting with the smart contract of the sniping bot, highlighting its role as a bridge between users and the Ethereum network.

💡Gas Fees

Gas fees on the Ethereum network are the transaction fees required to perform operations on the blockchain. They compensate miners for the computational work involved in processing transactions. In the video, Jacob mentions paying gas fees for deploying the smart contract, which is a critical aspect of executing transactions on the Ethereum network.

💡Etherscan

Etherscan is a blockchain explorer for the Ethereum network that allows users to track transactions, view smart contract code, and monitor account balances. The video script includes checking the smart contract's address on Etherscan to verify its deployment and balance, demonstrating its utility in confirming and validating on-chain activities.

💡Liquidity Pairs

Liquidity pairs refer to the pairs of tokens that are pooled together to facilitate trading on decentralized exchanges. In the context of the video, the sniping bot is designed to find different liquidity pairs to execute trades, which is a key strategy for the bot's operation in the decentralized finance ecosystem.

💡Sandwich Transactions

A sandwich transaction is a type of market manipulation where a trader places two orders: one to buy a large amount of a token, and another to sell it back at a higher price, profiting from the price increase caused by the first order. The video mentions the bot's ability to sniff out liquidity pairs for sandwich transactions, indicating a strategy used by the bot to capitalize on market inefficiencies.

Highlights

Introduction to the video by Jacob, a web 3 developer, who shares his private channel content for free to gain support for his new channel.

Demonstration of creating an Ethereum sniping bot using AI-powered Chat GPT that generates passive income.

Explanation of how the sniping bot monitors the blockchain for new tokens and significant price changes.

Description of the bot's strategy to act quickly like a ninja in buying or selling tokens for profit.

Emphasis on the bot's ability to detect tokens immediately after listing or during sudden price changes.

Reassurance that operating the bot is simple and does not require coding knowledge.

Instruction to use Chat GPT to write code for a smart contract on Ethereum.

Introduction to Remix IDE for developing, compiling, and deploying smart contracts in Solidity.

Guidance on setting up MetaMask browser extension and connecting to the Ethereum mainnet.

Step-by-step process of creating a new contract named 'bot' in Remix IDE.

Details on pasting the provided code into the bot file and checking addresses on Etherscan.

Compilation of the smart contract using Solidity version 0.6.5 to avoid errors.

Deployment of the smart contract to a wallet with instructions on setting gas fees.

Overview of the smart contract's functions, including start, withdraw, and checking the balance.

Process of funding the contract with Ethereum for trading purposes.

Activation of the bot to start monitoring the markets for sniping opportunities.

Results after 7 hours of operation, showing a 30% profit and several bot transactions.

Discussion on the bot's performance and potential earnings over time.

Demonstration of stopping the bot and withdrawing funds back to the wallet.

Final thoughts on the bot's efficiency and the decision to delete the video as it was originally a private channel video.

Call to action for viewers to like, subscribe, and message on Telegram for more information on Web3 tools.

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 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 your

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

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

doou next copy this code from C 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

0.6.5 version of

solidity to avoid errors use the same

[Music]

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

ction to

confirm sweet we can see here that it is

confirmed meaning our smart contract 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 scan

[Music]

as we can see my wallet is the creator

of this

contract

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 produce

[Music]

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

results

[Music]

all right let's refresh the page and see

what we

got nice it's a little over 2.8 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 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