AI Smart Contract | Step-by-step Instructions
Summary
TLDRJacob, 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
- đ Jacob introduces himself as a web 3 developer and shares a video meant for his private channel to gain support for a new channel.
- đ€ The video demonstrates creating an Ethereum sniping bot using AI-powered Chat GPT to generate passive income.
- đ The sniping bot monitors the blockchain for new tokens and significant price changes, acting swiftly to capitalize on price differences.
- đĄ The bot's success hinges on its ability to detect tokens immediately after listing or during sudden price changes using sophisticated algorithms.
- đ» Jacob asks Chat GPT to write code for a smart contract on Ethereum to automatically find sniping opportunities.
- đ ïž Remix IDE is used to develop, compile, deploy, and launch smart contracts written in Solidity.
- đ A link to Remix IDE and instructions for using it with MetaMask are provided in the video.
- đ The smart contract code is pasted into Remix, with specific attention given to lines 13 and 14 for Wrapped Ether addresses.
- đŒ The bot file is compiled with Solidity version 0.6.5, and optimization is enabled to avoid errors.
- đ° The smart contract is deployed to the Ethereum mainnet, with gas fees paid for the transaction.
- đ The bot's functions include starting and stopping market monitoring, as well as withdrawing funds back to the wallet.
- đ 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
đ» 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.
đ 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.
Mindmap
Keywords
đĄWeb 3 Developer
đĄEthereum
đĄSniping Bot
đĄAI Powered Chat GPT
đĄSmart Contract
đĄRemix
đĄMetaMask
đĄGas Fees
đĄEtherscan
đĄLiquidity Pairs
đĄSandwich Transactions
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
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