This New Meme Coin Beats Shiba Inu And All Other Coins, US$12 Million Trading Volume In 24 Hours
An unknown Ethereum developer under the pseudonym @CroissantEth, has revealed an innovative method for creating new ERC-20 tokens using artificial intelligence (AI).
In his explanation in a post, Platform
This process essentially involves instructions to ChatGPT to formulate an ERC-20 token that complies with the Open Zeppelin standard. Just to note, Open Zeppelin is an open-source framework designed to create secure smart contracts, containing a contract repository written in Solidity.
Reporting from decrypt.co, parameters such as the token name and other details are determined dynamically by values ââprovided by ChatGPT in the code constructor. Worth noting, @CroissantEth has launched a public token called AstroPepeX (APX), currently tradable on Uniswap.
Within 24 hours, the new meme coin managed to amass an impressive trading volume of US$ 12.9 million. The choice of the name âAstroPepeXâ was a result of ChatGPT's ability to generate names based on real data from the top ten thousand tokens traded on Uniswap, cross-referencing with market capitalization data from CoinMarketCap and CoinGecko.
Bot testing also produced interesting coin titles such as âInuverseâ and âQuantumPepe,â similar to well-known memecoins and concepts such as Dogecoin, Pepe, and metaverse. @CroissantEth expressed their fascination with ChatGPT's creative output, saying.
âThe number of Pepe generations is pretty funny, and it's really cool to see where GPT really puts real creativity into the data. "It started to feel like he was starting to have a mind of his own," he said.
