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.