Hey everyone, it's Jacob! Today, I'm excited to share with you a video I originally recorded for my private channel, now available here for free. I want to show you how I created and operate an Ethereum sniping bot using the power of ChatGPT. This bot has been generating passive income for me every day, and I can't wait to walk you through how you can do it too.
Key Points:
Bot Functionality: My Ethereum sniping bot monitors the blockchain for new token listings and significant price changes. It acts swiftly to capitalize on these opportunities, buying or selling tokens before other traders catch wind of them. This approach allows me to profit from price discrepancies effectively.
Technology Behind the Bot: The bot's success lies in its ability to detect tokens right after listing or when prices shift suddenly. It utilizes advanced algorithms to identify these movements and execute trades autonomously, requiring minimal oversight from the user.
Setting Up the Smart Contract: Using ChatGPT, I generated the code for a smart contract tailored for Ethereum sniping. I then deployed this contract using Remix, a web3 application that simplifies the development, compilation, deployment, and launch of smart contracts written in Solidity.
Deployment Process: Once the code was ready, I compiled it in Remix, ensuring compatibility with the Ethereum Virtual Machine (EVM). After compiling, I deployed the contract using the injected web3 environment, confirming it on the blockchain by paying gas fees.
Results and Profit: After funding the contract with Ethereum, the bot started trading immediately. Within just over 12 hours, I saw returns of approximately 1.31 Ethereum, which is around 31% profit. Over a full day, the bot earned over 1.6 Ethereum, recovering more than half of my initial deposit. Depending on market conditions, I've even seen weekly returns ranging from 3 to 6 Ethereum.
Conclusion:
Creating an Ethereum sniping bot doesn't have to be daunting. With tools like ChatGPT and Remix, even those without coding expertise can enter the world of automated trading and passive income generation. If you're interested in learning more about profitable strategies using web3 tools, subscribe to my channel and join the discussion in the comments below. Let's navigate the future of finance together!
Note: Trading bots involve financial risk, and results may vary. It's essential to understand the technology and market dynamics before engaging in automated trading.