How to create a Cryptocurrency shitcoin in less than 25 seconds

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  • The Cryptocurrency industry is expanding, and new ideas and technologies come up every day
  • In recent weeks, the term memecoins have captured the attention of the members of the cryptocurrency community
  • Here is how you can create a shitcoin in less than 25 seconds, breaking the record of unofficial memecoin speedrun record

Memecoins have gained attention in the cryptocurrency industry. A video on Twitter showed creating a new cryptocurrency is easy. Johnny Shankman produced “EASY_MONEY” in under 27 seconds. Later, the record was broken in 22.45 seconds.

On May 6, Johnny Shankman posted a Twitter video. He completed a “speedrun” to make and deploy “EASY_MONEY” token in under 27 seconds. The next day, the record was broken in 22.45 seconds.

The word “speed run” comes from the gaming community and refers to completing a game, or level in a game, as soon as possible.

In the now-viral video, Shankman demonstrates how any user can easily create a new token. This is by using Contracts Wizard, a technology developed by the crypto cybersecurity business OpenZeppelin. With a few mouse clicks, the Contacts Wizard tool generates code for an ERC-20 token. Users can choose from a variety of potential token features on the program.

READ: Crypto Altcoins built on AI in 2023

After creating the code, Shankman uses an application called Remix to compile the token’s smart contract. He then installs it on a specific blockchain network. Furthermore, Shankman chooses to deploy his EASY_MONEY (EZ) token on the Ethereum testnet in the video.

He emphasizes in the comments section that the video was “for educational purposes only”. Furthermore saying that by launching EASY_MONEY on the Ethereum testnet, it is not a real currency on which to speculate.

Notably, Shankman’s video was picked up by a number of large accounts on Crypto Twitter. This includes Loopifyyy, which has since seen the video receive over 3 million views across a variety of accounts.

Shankman’s message has gone viral at a time when “shitcoins” are becoming increasingly popular in the crypto ecosystem. The latest memecoin craze has been spearheaded in large part by Pepe, an “entirely useless” frog-themed token whose value has increased more than 5,000% since its launch on April 14.

ALSO READ: Mitigating security risks in cryptocurrency payments

In a subsequent comment, Shankman revealed that someone had developed a token with the same name as his explainer, but he “did not make it” and would “not be buying it.”

Another Twitter user posted a new video, completing the same process in just 22.45 seconds, creating a new unofficial memecoin speedrun record, in less than 24 hours.

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Nathan Sialah
Nathan Sialah
Nathan Sialah is a seasoned journalist with a diverse background in digital journalism, radio broadcasting, and cryptocurrency trading. With over five years of experience in the field, Nathan has honed his skills in delivering accurate and engaging news content to a wide audience. In addition to his journalistic expertise, Nathan is a dedicated researcher in the Artificial Intelligence industry, keeping abreast of the latest advancements and trends. His multifaceted background allows him to bring a unique perspective to his reporting, covering a wide range of topics with depth and insight.