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.