Get +1ETH a day | My team created a bot that works thanks to ChatGPT

Summary

Jacob introduces an Ethereum sniping bot in his video, designed to capitalize on price differences in the crypto market. Using AI-powered chat GPT, the bot monitors blockchain for new tokens and significant price changes, executing trades swiftly to gain an advantage. The tutorial covers creating a smart contract on Remix IDE, deploying it, and funding it for trading. Jacob demonstrates the bot's profitability, showing a 31% return in just over a day, and explains how to withdraw profits, highlighting the potential for significant passive income with Web 3 tools.

Takeaways

• 📢 The video is about creating an Ethereum sniping bot using AI, which is claimed to bring in passive income daily.
• 🤖 The sniping bot monitors the blockchain for new tokens and significant price changes, acting quickly to take advantage of price differences.
• 🔍 The bot's success lies in its ability to detect tokens immediately after they are listed or when there is a sudden price change.
• 💻 The video provides a step-by-step guide on how to write a smart contract for the sniping bot using the AI-powered chat GPT.
• 🛠 The smart contract is developed using Remix IDE, which is a web 3 application for Solidity language coding.
• 🔗 Metamask browser extension is required for connecting to the Ethereum main net and deploying the smart contract.
• 📝 Specific addresses for wrapped Ether tokens are provided in the code, which are to be checked on Etherscan for verification.
• 💼 The smart contract needs to be funded with Ethereum to start trading, and the amount can affect the size of trades and potential profits.
• 🚀 The 'Start' function enables the bot to monitor the markets, while the 'Withdraw' function stops the bot and transfers funds back to the wallet.
• 📈 The bot's performance is showcased with a 31% profit after 12 hours and a total of 1.6 Ethereum after a day.
• 💰 Profits from the bot can be withdrawn at any time, and the video encourages viewers to share their profits and subscribe for more content.

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, which is designed to bring in passive income by monitoring the blockchain for new tokens and significant price changes.

How does the sniping bot gain an advantage in trading?

The sniping bot gains an advantage by acting quickly like a ninja to buy or sell tokens before other traders realize the opportunity, thus capitalizing on price differences.

What is the secret to the bot's success according to the video?

The secret to the bot's success is its ability to detect tokens immediately after they are listed or when there is a sudden price change, using sophisticated algorithms to identify these movements.

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 that allows for the development, compilation, deployment, and launch of smart contracts coded in the Solidity language. It is used in the video to create and deploy the sniping bot smart contract.

What is required to use Remix for deploying smart contracts?

To use Remix, one needs to have the MetaMask browser extension installed and connected to the Ethereum main net.

What is the name of the smart contract created in the video?

The smart contract created in the video is named 'bot.soul'.

What addresses should be checked on Etherscan after pasting the code?

After pasting the code, the addresses on lines 15 and 16 should be checked on Etherscan, which are the addresses of wrapped Ether tokens that the bot will compete against.

How is the smart contract deployed on the Ethereum network?

The smart contract is deployed by selecting the injected web 3 as the environment in Remix, confirming the contract on the blockchain by paying gas fees, and clicking the deploy button.

What is the initial step after deploying the smart contract?

The initial step after deploying the smart contract is to fund it with some Ethereum, which will be used for trading.

How does the bot operate once it is funded?

Once funded, the bot starts monitoring the markets by sniffing the mempool to find different liquidity pairs for sandwich transactions.

What is the final step to retrieve profits from the bot?

The final step to retrieve profits is to click the 'Withdraw' button, which stops the bot from trading and returns the total Ethereum, including profits, back to the user's wallet.