Everyone can be a big player! Even if you don't understand programming at all, deploying a meme coin only takes "27 seconds"
For someone who is completely clueless about coding, deploying a meme coin using existing development tools would only take how long? "27 seconds." Yes, not even a minute. In this meme-driven crypto market, everyone can be a market maker, and everyone has the opportunity to tell stories and be a big slasher.
memecoin deploy% speedrun 27s ⏱️ pic.twitter.com/OYaXGb5ITR
— whitelights.eth ⌖ (🦇🔊) (@iamwhitelights) May 5, 2023
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Meme Coin Deployment Speedrun! Completed in Less Than Half a Minute
Generative artist Whitelights showcased a speedrun challenge on deploying a meme coin on Twitter. He first set up the token's name, symbol, and permissions using the open-source smart contract development tool OpenZeppelin's smart contract templates.
Whitelights completed all the necessary code for deploying the meme coin with just a few clicks of the mouse. In total, it took him only 15 seconds.
After compiling the code on the Solidity compiler Remix, Whitelights deployed it directly on the Ethereum Goerli testnet, which took only 12 seconds.
In summary, according to Whitelights' test, deploying a meme coin only requires a short 27 seconds of time.
Note: It was tested that deploying a contract similar to Whitelights' on the Ethereum mainnet would cost around 0.3 ETH, approximately $550 in Gas fees.
Everyone Can Be a Banker, Meme Coins Pose High Risks
Regarding this video, Whitelights stated that it is for educational purposes only without explicitly stating the intended message.
However, amidst the current meme trend, perhaps Whitelights is implying that deploying a meme coin is a low-threshold task. Anyone can try to participate in the cryptocurrency community to "tell stories, set trends," and contribute to the creation of more memes. But at the same time, the likelihood of speculators facing Rug Pulls or market manipulation by insiders will increase. Therefore, it is essential to manage risks before investing in meme coins.
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