Making $3100 Daily With ChatGPT and Smart Bot | Simple Setup

3 min read 2 months ago
Published on Aug 30, 2024 This response is partially generated with the help of AI. It may contain inaccuracies.

Table of Contents

Introduction

This tutorial will guide you through the process of setting up a bot using ChatGPT and smart contracts to potentially generate daily income. By following the steps outlined below, you can create your own bot that interacts with the Ethereum blockchain. This method is particularly relevant for anyone interested in automated trading or cryptocurrency investments.

Step 1: Set Up a Wallet

To start, you'll need a cryptocurrency wallet. You can choose from the following options:

Regardless of the wallet you choose, the setup process will follow the same steps.

Step 2: Access Remix IDE

Next, you’ll need to use Remix, an integrated development environment for smart contracts.

  • Go to Remix IDE.
  • Make sure to use this specific link as compatibility issues may arise with other versions.

Step 3: Create a New Smart Contract

Once in Remix:

  1. Click on the “contracts” folder.
  2. Create a new file by selecting “New File”.
  3. Rename the file (e.g., bot.sol). Ensure it ends with .sol to indicate it's a Solidity file.

Tip: If the text is not color-coded after creating the file, refresh the browser and paste the code again.

Step 4: Paste the Bot Code

You will need the updated code for your bot:

  1. Go to the following link to access the new code version: Updated Bot Code.
  2. Copy the code and paste it into your newly created bot.sol file in Remix.

Step 5: Compile the Contract

To compile your smart contract:

  1. Navigate to the "Compile" tab in Remix.
  2. Select Solidity version 0.6.6 and click on "Compile".

Step 6: Deploy the Contract

Now, it's time to deploy your bot:

  1. Go to the “DEPLOY & RUN TRANSACTIONS” tab.
  2. Select “Injected Web3” as the environment.
  3. Click on “Deploy” and approve the transaction fee in MetaMask.

Note: Ensure that the correct contract name is selected in the CONTRACT dropdown (e.g., "UniswapFrontrunBot -bot.sol").

If you see a message about failing to publish metadata to IPFS, you can ignore it. This step is not necessary for bot functionality.

Step 7: Fund Your Bot

To enable the bot to frontrun transactions:

  1. Deposit at least 0.5 ETH into your contract/bot address to avoid slippage issues.
  2. Confirm the transaction in your wallet.

Step 8: Start and Manage Your Bot

Once your transaction is confirmed:

  • Click the "start" button to run the bot.
  • You can withdraw profits at any time by clicking the "Withdraw" button.

Conclusion

You've successfully set up a bot capable of trading on the Ethereum blockchain. By following these steps, you can now explore the potential for generating income through automated transactions. Remember to fund your contract adequately and monitor its performance. For ongoing support and advanced topics, consider subscribing to relevant channels or communities focused on cryptocurrency and smart contract development.