- Blogger Shenkman created a smart contract in 27 seconds
- And he raised an important topic – the availability of launching memcoins
Digital artist Johnny Shankman showed a master class on how to create a meme-coin like PEPE. For everything about everything, it took him 27 seconds.
This brings to mind the popular phrase “sleight of hand – and no fraud.” Shenkman clicks the mouse a couple of times and types quickly. As a result, he manages to deploy a smart contract for a token called EASY_MONEY.
Another specialist decided to break this record and managed in 15 seconds. The Contracts Wizard tools helped him create the token.
The blogger added important thoughts to this. After all, the speed of creating shitcoins does not mean that the whole technology revolves around the scam:
“Yes, this shows how easy it is to deploy an ERC20 token on the testnet.
No, it won’t show you how to make or spin a meme coin.
The availability of smart contracts and the EVM in general is a GOOD thing, as it increases the decentralization of the system as a whole.
Creating an arbitrary ERC20 is very easy. But it is not so easy to carry out the subsequent work. From properly configured liquidity pools to subsequent marketing.
The ease of creating a token does not directly lead to the ease of swindling others out of millions.
Remember kids: coins don’t throw people. People are throwing people
Meanwhile, the capitalization of the PEPE memcoin reached $1 billion. What is happening with this coin?