In a remarkable convergence of artificial intelligence and the cryptocurrency world, an anonymous developer known as CroissantEth has harnessed the power of OpenAI’s ChatGPT to create a digital coin named “AstroPepeX.” This innovative project has garnered substantial attention, particularly for its impressive trading debut, generating a staggering $12 million in trading volume within its first 24 hours.
The Birth of AstroPepeX
Originally, ChatGPT proposed the whimsical name “FluffyUnicorn Coin” for the cryptocurrency. However, CroissantEth sought an identity more fitting for the cryptocurrency landscape. This led to a deeper conversation with the AI chatbot, providing it with context about cryptocurrencies and ultimately culminating in the birth of “AstroPepeX.”
To enhance the token’s appeal, CroissantEth leveraged another AI tool from OpenAI, DALL-E, which is a text-to-image AI generator. DALL-E was employed to craft the visual representation of the AstroPepeX token, adding an extra layer of uniqueness to the project.
Genesis of AstroPepeX
CroissantEth, an Ethereum developer operating under the cloak of anonymity, has a history of releasing code that allows AI tools to deploy new ERC-20 tokens on the Ethereum platform. ERC-20 tokens adhere to a standard for Fungible Tokens, ensuring that each token is identical in type and value to another.
Explaining the process, CroissantEth stated, “What I did was introduce GPT to the standard ERC20 contract for simplicity, as I felt that was safe for a first attempt at this.” However, the developer highlighted that one can customize solidity code to create tokens with distinct features, such as mintability, taxation rates, or governance parameters.
The idea of creating a meme coin using ChatGPT emerged serendipitously as CroissantEth aimed to explore the capabilities of ChatGPT in conjunction with Ethereum smart contracts. While ChatGPT cannot directly deploy a token on Ethereum, developers can leverage OpenAI’s API to customize applications and link them to Ethereum networks for token creation.
AstroPepeX’s Trading Triumph
AstroPepeX entered the cryptocurrency market with a bang, amassing a remarkable trading volume of $12.9 million in just 24 hours, as reported by Decrypt. CroissantEth’s ingenious code employed ChatGPT to fashion an ERC-20 token adhering to OpenZeppelin standards, an open-source framework renowned for crafting secure smart contracts.
AI-Powered Crypto: A Growing Trend
AstroPepeX is not an isolated instance of AI-generated cryptocurrencies. Just four months ago, Rhett Mankind, a crypto artist, utilized GPT-4 to develop and launch “Turbo,” a cryptocurrency, within a week.
Inspired by Mankind’s approach, CroissantEth aimed to reduce human intervention further in the token creation process. The developer plans to release a user interface for their code, making it accessible to non-technical individuals interested in launching tokens on Ethereum with ChatGPT’s assistance.
The fusion of AI and cryptocurrency continues to evolve, ushering in new horizons for innovation within the digital financial landscape. AstroPepeX’s remarkable debut serves as a testament to the potential of AI in revolutionizing the world of cryptocurrencies, offering new opportunities for creativity and automation in token creation.