Cryptocurrencies have taken the world by storm, and the emergence of meme coins has added a new dimension to the crypto market. In a humorous yet intriguing experiment, an individual set out to create a new meme coin with the help of GPT-4, a powerful language model. This article details the journey of creating TurboToadToken, a meme coin developed with the assistance of GPT-4. Let’s take a look at this Turbo Token in detail.
https://twitter.com/TurboToadToken/status/1654657639094312961?s=20
The crypto world has witnessed an astonishing pump in the Turbo Toad Token ($TURBO). From being valued at zero, it skyrocketed to a market cap of $30 million in just two days. At the time of writing the market cap is $100 million. The coin pumped an astonishing 2000% and is currently one of the most talked-about cryptos in the industry.
AI-Generated Meme Token
Turbo Toad Token is unique as it is the first AI-generated meme token. Its futuristic toad mascot is its main feature, which was created with the help of GPT-4, an advanced version of ChatGPT. Despite having a budget of just $69 and no prior experience in coding, the founder used the AI’s creative potential to make a wonder in the crypto world.
Birthing a $50M Meme Coin with Chat GPT: A Step-by-Step Guide by a Digital Artist
https://twitter.com/rhett/status/1650265724198465538?s=20
Step 1: Developing the Concept – Name and Logo/Character:
The first step in creating any cryptocurrency is to develop a concept, including the name and logo/character. In this case, the individual asked GPT-4 for suggestions but also sought ideas from the public. After conducting a poll, the name TurboToadToken was chosen, along with a futuristic toad as the mascot, affectionately known as Quantum Leap. To further refine the concept, the individual merged the top four styles on Midjourney and asked for GPT-4’s input.
Step 2: Tokenomics:
The next step in creating TurboToadToken was to develop the tokenomics. As GPT-4 was only trained up until 2021, the individual provided examples of recent tokenomics from popular meme coins like Pepe, Wojak, and Tsuka. GPT-4 provided an idea based on this information, which the individual refined and developed further.
Step 3: Whitepaper:
The whitepaper is a crucial component of any cryptocurrency project, providing detailed information about the project’s goals, technology, and potential use cases. The individual asked GPT-4 to write a whitepaper for TurboToadToken, limiting it to one page. The language model was able to provide a concise and informative whitepaper, which the individual further refined.
Step 4: Developing the Smart Contract:
The smart contract is the backbone of any cryptocurrency, governing the rules and functionality of the token. The individual faced some challenges in developing the smart contract but was able to create a basic contract after much back and forth with GPT-4. During the testing phase, issues were found with the maximum transfer limits, and the individual sought feedback from the public before making a decision.
Step 5: Building Website and Social Media:
After successfully developing the smart contract, the next step was to build a website and social media presence for TurboToadToken. The individual was able to complete this step and was ready to launch the meme coin.
Impact on Other Crypto Projects
The success of Turbo Toad Token has led to the increased use of AI in the crypto world. Many crypto projects are now exploring the use of AI to create unique and innovative tokens. Turbo Toad Token has shown the potential of AI in creating and developing new and exciting crypto projects.
Airdrop Coming?
For those new to the cryptocurrency world, an airdrop is a distribution of cryptocurrency tokens or coins to a large number of wallets, free of charge. It is a marketing strategy employed by new cryptocurrencies to generate interest, awareness and build a community around their project. By distributing coins or tokens, they incentivize people to participate in their project, join their social media channels, and learn more about their project. Check out more about the Turbo Airdrop here.
