You can now create a shitcoin in less than 23 seconds

As alleged “memecoins” seizure the attraction of the wider crypto manufacture successful caller weeks, a viral video has emerged detailing conscionable however casual it is for anyone with an net transportation to make a marque caller cryptocurrency from scratch. 

A May 6 video from integer creator Johnny Shankman — who goes by @whitelights.eth connected Twitter — shows him completing a “speedrun” of creating and deploying an wholly caller token, humorously dubbed “EASY_MONEY” successful conscionable 27 seconds. The grounds was past beaten conscionable a time later, clocking successful astatine 22.45 seconds. 

The word "speed run" originates from the gaming assemblage and is typically utilized successful notation to completing a game, oregon level successful a game, arsenic rapidly arsenic possible. 

memecoin deploy% speedrun 27s ⏱️ pic.twitter.com/OYaXGb5ITR

In the now-viral video, Shankman shows however immoderate idiosyncratic tin rapidly make a caller token by utilizing a programme called Contracts Wizard, created by the crypto cybersecurity steadfast OpenZeppelin. The Contacts Wizard instrumentality generates codification for an ERC-20 token with a fewer speedy clicks of a cursor. On the program, users tin prime a fig of imaginable features for their token.

After the codification has been created, Shankman past uses an exertion called Remix, which compiles the token’s astute declaration and deploys it connected a fixed blockchain network. In the video, Shankman opts for deploying his EASY_MONEY (EZ) token connected the Ethereum testnet.

He notes successful the comments conception that the video was “for acquisition purposes only” and clarifies that by deploying EASY_MONEY connected the Ethereum testnet, it is not a existent token to beryllium speculated on.

Notably, Shankman’s video was picked up by a fig of ample accounts connected Crypto Twitter, being reposted by the likes of @Loopifyyy, which has present seen the video summation much than 3 cardinal views crossed a bid of antithetic accounts.

The viral popularity of Shankman’s station comes astatine a clip wherever “shitcoins'' person gained drastically successful popularity passim the broader crypto ecosystem. The recent memecoin boom, has been led successful ample portion by an “entirely useless” frog-themed token called Pepe, which has seen its worth surge much than 5000% since its inception connected April 14.

In a follow-up comment, Shankman pointed retired that idiosyncratic had really created a token with the aforesaid sanction arsenic his explainer but divulged that helium “did not marque it” and helium would “not beryllium buying it.”

Less than 24 hours later, a caller video emerged from different relationship connected Twitter, that showed the aforesaid process being completed successful conscionable 22.45 seconds, mounting a caller unofficial grounds for the memecoin speedrun.

memecoin deploy% speedrun (rug skip, autocomplete skip) 22.45s (WR)⏱️ @iamwhitelights pic.twitter.com/LDOsfbYNV4

Magazine: Joe Lubin — The information astir ETH founders divided and ‘Crypto Google’