Don't know the code, can I create a new token through ChatGPT?

22-12-06 17:13
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By Leo, BlockBeats


ChatGPT, a new AI app, has taken social media by storm. ChatGPT is an OpenAI-based GPT-3 model that enables conversations via natural language text to help users solve various problems. It can be used in automatic customer service, question and answer system, intelligent conversation robot and other application scenarios. By using ChatGPT, you can improve the efficiency and quality of customer service and provide users with a better experience.


Sam Altman, CEO of OpenAI, also wrote that ChatGPT had reached 1 million users in just a few days after its launch last Wednesday. In response to Musk, he said, "The average cost per conversation is probably a few cents." The company is trying to find more accurate measurements and reduce the cost. Musk was involved in the founding of OpenAI, but stepped down from the board in 2018.


In addition to talking to AI, ChatGPT seems to be a great way for many computer enthusiasts to write code, find bugs, and fix code; For crypto, ChatGPT might offer more, deploying virtual machines, writing smart contracts, and more. Out of curiosity, BlockBeats conducted a series of conversations with ChatGPT about "how to create a new token and circulate it in the market," and ChatGPT's responses were summarized as follows:


Procedure For creating a new token


- First, you need to decide what type of token you have, such as whether it is for internal trading for a specific project or whether it is a security token that represents equity or assets in a company.


- Second, you need to design the technical architecture of your token, including the token name, symbol, total amount issued, issue price and other information.


- Then, you need to implement your token using smart contract technology. A smart contract is an automated code used to enforce certain conditions that can run on a blockchain and is used to manage the issuance, circulation, and trading of your tokens.


- Next, you need to publish your token and add it to the blockchain network. This step requires certain security requirements to be met to ensure that your token cannot be compromised or attacked.


- Finally, you need to design a marketing strategy to attract investors and users to use your token. This may require partnering with other cryptocurrency exchanges or promoting your token on social media platforms.



Defining Tokens: First you need to design the token


- token name: CC token


- Token: CCT


- Total quantity: 1,000,000


- Allocation ratio: The allocation ratio of CC tokens can be determined according to your specific needs and plans. For example, you could distribute 10% of the total amount to the founder team, 20% to investors, 30% to community participants, and 40% to business partners.


- Function: You can design the function of CC token to provide more value to users. For example, you can use CC tokens to pay related transaction fees, purchase game items, or participate in community governance.



Write token contractNext you need to write a coin issuing contract and define the rules and process for coin issuing in the Solidity language. This determines operations such as token issuance, destruction, transfer, and query.


The next step is to write a CC token contract and implement the above process and information in the Solidity language. This will enable the CC token contract to have the function of issuing coins. Here is a simple example of a CC token contract (using the Solidity language) :



Deploying token Contracts: Then you need to use a wallet and blockchain client to deploy the coin contract on the blockchain (such as Ethereum). This would make the token available on the blockchain.

To deploy a CC token issuing contract, you need to follow these steps:


- Installation of development environment: The first step is to install the development environment of blockchain, including the compiler of smart contract language, deployment tools and wallet. This will allow you to write contracts in smart contract language and deploy them to the blockchain.


- Select deployment mode: Select an appropriate deployment mode, such as automatic deployment, manual deployment, or hybrid deployment. This will determine your deployment process and deployment efficiency.

Deploy the CC token contract: Then you need to deploy the CC token contract to the blockchain using the deployment tool so that the token contract can be executed on the blockchain.


Issuing Tokens



Airdrop token


- First, you need to issue a CC token, which creates a new token and issues it to community users.


- Next, you need to determine the proportion of CC tokens to be allocated. This is usually based on your needs and plans, for example you can allocate most CC tokens to community users and a smaller amount to developers and investors.


- Then, you need to design features for CC tokens so that they can provide real value to users. For example, you can use CC tokens to pay transaction fees, purchase game items, or participate in community governance.


- Finally, you need to issue CC tokens to community users. This can be done by sending CC tokens to the user's wallet address, or by distributing CC tokens in other ways. When airdropping tokens, ensure that each user has a fair allocation.


Pre-sell tokens: Next, token presale is required to attract users to purchase tokens in advance and obtain the rights and interests of token issuance. You can increase the success rate of token presales through various channels, such as social media, online marketplaces and media promotion.


After the token presale is over, the token issuance needs to be completed. Through the operations of issuing tokens, receiving tokens and transferring tokens, the token is issued through the coin issuance contract, and the token is allocated to the initial investors, development team or community members, etc., so that the token can be truly circulated. Make your token truly issued to the market, users can buy and use.


Manage and maintain tokens: Manage and maintain tokens, including updating token information, responding to investor demands, and resolving disputes. This will ensure its proper operation and development.



- Monitoring the token smart contract: You need to periodically check the running status of the token smart contract and fix possible problems.


- Update token Smart Contract: You need to constantly update the token smart contract to ensure the security and availability of the token smart contract.


- Manage token flow: You need to circulate tokens and monitor their flow.


- Respond to community suggestions: You need to pay attention to community feedback and respond to community suggestions.


- Timely response to community inquiries: You need to respond to community inquiries in a timely manner to improve community satisfaction.


conclusion


ChatGPT's seemingly professional and quick answers shocked most users, including us, but it seems that the AI's answers regarding the strategy for issuing tokens, such as the target price for your token issuance and the highly liquid paired tokens associated with it (eth, USDT, etc.), were not as precise or comprehensive. What kind of incentive measures should be adopted to increase the liquidity of tokens, and what kind of market atmosphere is the best time to issue tokens, etc. In addition, it is clear that the answer to the question of issuing CC tokens is not that logical.


In the process of issuing token requests above, ChatGPT would get stuck or even stop abruptly when answering, and the same question would have several different answers. The founders also acknowledge that the AI has some limitations:


ChatGPT does not capture real-time knowledge on the web, its knowledge is limited to the year before 2021, and it is not ready for some changes after 2021.


- ChatGPT also gets different answers due to inaccurate wording when typing text, the AI seems to have an opinion on the answer when asked the same question several times, and when you ask a question with inaccurate wording, the AI doesn't ask you to clarify the question, it just guesses your intention and answers.


- AI responds to harmful commands or displays biased behavior in response to harmful actions or inappropriate requests.


The technology powering ChatGPT is based on GPT-3.5, an updated version of GPT-3, an AI text generator that caused a buzz when it was released in 2020. The reason for ChatGPT's popularity may be: For the first time, such a powerful tool is available to the public through the free, easy-to-use Web world; An "interesting" conversation after the user interacts with ChatGPT.


All in all, we may see further upgrades to GPT-3.5 in the future. The current model's understanding of crypto seems to be less refined and intelligent, but one day, when a new, smarter AI comes out (perhaps GPT-4, which is rumored to be coming out sometime next year), for crypto, It is possible to issue tokens through AI instructions, and the issuance cost will be greatly reduced. On that day, ordinary users may also issue tokens through AI, which may lead to chaos and implosion of the industry, which is not a good thing.

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