AI Smart Contract | Step-by-step instructions

Summary

Jacob, 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

00:00

💻 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.

05:00

🔍 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.

Keywords

💡Web 3 Developer

A web 3 developer is a professional who specializes in creating applications and services for the decentralized web, also known as Web 3.0. This involves working with blockchain technology, smart contracts, and decentralized applications (dApps). In the video, Jacob identifies himself as a web 3 developer, indicating his expertise in this emerging field. He uses this expertise to create a sniping bot for Ethereum, showcasing the practical application of web 3 development skills.

💡Ethereum Sniping Bot

An Ethereum sniping bot is a type of automated trading software designed to monitor the Ethereum blockchain for new token listings or significant price changes. It then executes trades quickly to capitalize on these opportunities before other traders can react. The video's main focus is on creating and operating such a bot, which is intended to provide passive income by making trades based on detected market movements.

💡AI Powered

AI powered refers to the use of artificial intelligence to enhance or drive certain functionalities. In the context of the video, Jacob mentions using AI to power the chat GPT, which is used to write code for the sniping bot. This indicates that the bot's capabilities are not only based on traditional programming but also leverage the advanced pattern recognition and decision-making abilities of AI.

💡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, allowing可信 transactions without intermediaries. In the video, Jacob uses chat GPT to write a smart contract for Ethereum, which is the foundation of the sniping bot. This contract is designed to automatically hunt for sniping opportunities.

💡Remix

Remix is a popular web-based integrated development environment (IDE) for writing, testing, and deploying smart contracts on the Ethereum blockchain. It supports the Solidity programming language. In the script, Jacob instructs viewers to use Remix to compile and deploy the smart contract code for the sniping bot, highlighting its importance as a tool in the web 3 development process.

💡Solidity

Solidity is a programming language used for writing smart contracts on the Ethereum blockchain. It is designed to be simple to understand and has features for security and correctness. The video script mentions using the 0.6.3 version of Solidity to compile the smart contract, emphasizing the need for developers to specify the correct version to avoid errors.

💡MetaMask

MetaMask is a browser extension that acts as a cryptocurrency wallet and allows users to interact with the Ethereum blockchain. It is essential for deploying and interacting with smart contracts. In the video, Jacob ensures that viewers have MetaMask installed and connected to the Ethereum mainnet, which is a prerequisite for deploying the sniping bot's smart contract.

💡Gas Fees

Gas fees on the Ethereum network refer to the transaction fees required to process and confirm transactions on the blockchain. These fees are paid in Ether (ETH) and are necessary to compensate the network for the computational work performed. In the video, Jacob mentions setting gas fees to a high level to ensure faster transaction confirmation, which is crucial for the timely operation of the sniping bot.

💡Etherscan

Etherscan is a blockchain explorer for the Ethereum network that allows users to track and inspect transactions, addresses, and smart contracts. In the video, Jacob uses Etherscan to verify the deployment of the smart contract and to monitor the bot's transactions, demonstrating its utility for transparency and verification in blockchain operations.

💡Liquidity Pairs

Liquidity pairs refer to the combinations of tokens that can be traded against each other in decentralized finance (DeFi) platforms. The sniping bot is designed to sniff out different liquidity pairs to find opportunities for profitable trades. The video script mentions setting the bot to start sniffing the 'me pool' to find these pairs, which is a critical step in the bot's operation.

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