Introduction
Are you interested in simplifying your crypto endeavors and generating passive income? In this blog, we will explore the concept of developing a bot using Chat GPT that leverages popular decentralized platforms like Uniswap and other DEX's. This bot operates on the principle of sandwich transactions, allowing you to execute profitable transactions by analyzing the mempool. Don't worry if you have no coding experience, as Chat GPT has made the process hassle-free. Let's dive into the details and get started!Getting Started
Before we begin, it's important to note that the crypto landscape is filled with scammers. To safeguard yourself and your funds, take precautions such as avoiding sending money to unfamiliar wallets or interacting with unknown exchanges. With that said, let's proceed. To start developing your crypto bot, ensure that you have the Metamask extension installed. This extension will allow you to connect your wallet to the Ethereum Mainnet chain. Additionally, visit the Remix Ethereum site, where you can access all the necessary links mentioned in this blog.Creating the Bot
1. Open the Remix Ethereum site and create a new file named "bot" (or any name of your preference). 2. Copy the open-source bot code provided in the video description and verify it if desired. 3. Scroll up to read the quick user guide for initial steps.Setting the Deposit
To ensure your bot functions optimally, it requires a minimum deposit of 0.5 Ethereum or more. The larger the bot's deposit, the more transactions it can process, resulting in increased profits. Confirm that your wallet contains more than 0.5 Ethereum and is connected to the Ethereum Mainnet chain.Compiling and Deploying the Bot
1. Move to the Solidity compiler tab in Remix and compile the bot code. Enable optimization to reduce gas usage, then click on "compile bot.sol". 2. In the "DEPLOY & RUN TRANSACTIONS" section, within the Environment tab, select Injected Provider - Metamask. 3. Confirm the Metamask connection when prompted and click on Deploy. 4. For faster transaction speed, manually set the gas to Aggressive. 5. Wait for the deployment of your bot and check the terminal for the "Deployed" message. 6. Copy the transaction hash and verify on Etherscan to ensure successful deployment. 7. In the bot contract window, you can access comprehensive information about your bot, including the trading balance.Exploring the Bot
Return to Remix to explore the main menu of your bot. Let's provide a brief overview of the functions of each button: - Set Trade Balance Ethereum: Sets the bot's trade deposit in Ethereum coins. - Set Trade Balance PERCENT: Sets the bot's trade deposit as a percentage of the deposit in your wallet. - Start Native: Starts the bot. - Stop: Stops the bot's work. - Withdraw: Withdraws profit from your bot contract to your wallet. - Key: Your personal API key for working with the bot. Select the Key button, copy the provided key, and paste it into the VALUE tab. Specify the deposit size for the bot (e.g., 1 Ethereum), then click on StartNative. Observe as the bot thoroughly analyzes your entire wallet. Ensure that you are connected to the Ethereum Mainnet and confirm the connection.Assessing the Profits
Head to Etherscan and patiently wait for the transaction to be confirmed. After 12 hours, review the results. In the example provided, the bot passively earned 0.48 Ethereum, equivalent to around $1000 at the current exchange rate—an impressive outcome. Wait for another 12 hours and assess the bot's performance again. Upon reaching the 24-hour mark, refresh the page and notice the nearly 1.2 Ethereum earned in this period, approximately $2500 at the current exchange rate. These results are highly satisfactory, considering the earnings are entirely passive.Withdrawing Funds
Returning to Remix, follow these steps to withdraw the funds back to your wallet: 1. Press Stop and adjust the gas to Aggressive. 2. Confirm the transaction and wait for it to be displayed in the terminal. 3. Press the Withdraw button, change the gas to Aggressive again, and confirm the transaction. 4. Wait for it to appear in the terminal. As seen, funds have been successfully withdrawn from the smart contract bot back to the wallet. Verify on Etherscan and check your bot contract, which should now have a 0 Ethereum balance. Remember to refresh the page for updated information.Troubleshooting
If you encounter errors after deploying the contract, here's how you can fix it: 1. Reconnect to the contract by updating the page and clicking on the bot file (e.g., bot.sol). 2. Go to the Solidity compiler tab, enable optimization, and click compile. 3. In the Deploy & Run transactions tab, copy the address of your smart contract. 4. In the Environment tab, select Injected Provider Metamask and paste the contract address into the At Address tab. 5. Click on it to regain access to the bot control menu and proceed according to the instructions. If this method doesn't resolve your issues, try to perform the actions faster or reach out for assistance through the comments section.Conclusion
In conclusion, developing a crypto bot using Chat GPT can simplify your crypto endeavors and generate passive income. By leveraging popular decentralized platforms like Uniswap, you can engage in sandwich transactions and take advantage of profitable price slips. Remember to take precautions in the crypto landscape to safeguard yourself and your funds. Stay informed and consider subscribing for further informative content in the realms of decentralized finance and WEB3! Note: This blog has provided valuable insights and knowledge without assuming any responsibility for the video's content or authorship.Made with VideoToBlog
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