How ChatGPT Helped Turbo Memecoin Rocket to $75M Market Cap
In the world of cryptocurrency, new coins are constantly being created and released into the market. However, not all of them survive or gain traction among investors. Rhett Mankind, a digital artist, was able to change this with the help of the latest AI chatbot ChatGPT-4. Mankind utilized the chatbot to create Turbo meme coin with a budget of only $69, and his aim was to reach a top 300 rank on CoinGecko.
To gain community involvement, Mankind allowed his audience to decide on the coin's mechanics and roadblocks. He then used the chatbot to write the smart contract code and generate all the content for the website. The project faced some setbacks, including a failed attempt to create a liquidity pool on Uniswap, but with donations and community involvement, the project continued.
The redeployed $TURBO now has a market cap of $76.77 million, which is an impressive feat considering the initial budget and timeframe. This success can be attributed to the use of innovative technology like ChatGPT-4 and the involvement of the community in decision-making.
Overall, this case shows how AI chatbots like ChatGPT-4 can be utilized to create successful cryptocurrencies without the need for extensive technical knowledge. It also highlights the importance of community involvement in the creation and success of new cryptocurrencies.