Summary of AI Smart Contract | Step-by-step Instructions

In this YouTube video titled "AI Smart Contract | Step-by-step Instructions," Jacob, a web 3 developer, provides a tutorial on creating and operating an Ethereum sniping bot using AI-powered ChatGPT. The bot is designed to monitor the blockchain for new tokens and significant price changes, allowing users to capitalize on price differences by executing trades quickly.

Key Features and Concepts:

AI-Powered Sniping Bot: The bot utilizes sophisticated algorithms to detect new tokens immediately after they are listed or when there is a sudden price change, enabling rapid buying or selling.
No Coding Required: The tutorial emphasizes that users do not need coding knowledge to set up the bot.
Smart Contract Development: Jacob demonstrates how to use ChatGPT to generate the code for a smart contract that hunts for sniping opportunities on Ethereum.
Remix IDE: The tutorial guides viewers to use Remix, a web 3 application for developing, compiling, and deploying smart contracts written in Solidity.
Gas Fees: Jacob explains the importance of Gas Fees for deploying the smart contract on the Ethereum network and recommends setting them to high for faster transactions.
Monitoring and Withdrawal: The bot allows users to monitor their earnings and withdraw funds easily.

Results:

After running the bot for a few hours, Jacob reports a profit of approximately 30%, increasing his initial deposit significantly within a day. He highlights that the bot can potentially yield profits ranging from 3 to 6 Ethereum or more, depending on network conditions.

Conclusion:

Jacob encourages viewers to engage with his content by liking and subscribing, and he offers further assistance via Telegram for those interested in leveraging web 3 tools for profit.

Main Speaker:

Jacob, Web 3 Developer

Notable Quotes

— 05:31 — « As you can see I have about 2.6 ethereum which is 30% profit already. »

— 06:05 — « It basically took me a day to gain over half of my deposit back; that's pretty impressive. »

— 06:57 — « I've even had weeks where I've made 3 to 6 ethereum, sometimes even more. »