As crypto and internet culture are two sides of the same coin, it was only a matter of time before a smart dev would find out how to launch a coin using only AI. In today’s article, we are going to take a look at the world’s first publicly AI-generated memecoin, called Turbo.
What is Turbo Meme Coin?
Turbo Token is a meme coin that was created from scratch using GPT-4. It was launched with only a budget of $69 and the guidance of an AI chatbot.
The founder pledged to follow GPT-4’s instructions and document the process, which can be found here.
The AI was tasked with suggesting a name and mascot, which ultimately led to the creation of TurboToad and its mascot, Quantum Leap. Instead of Pepe the frog, it’s a toad named Turbo.
With a total supply of 69 billion TURBO tokens, the initial distribution allocates 60 billion to crowdfunding and 9 billion to the founder.
Launched as an ERC-20 token on Ethereum, it is a community-driven memecoin with its reputation as the first memecoin that came into existence fully dependent on feedback from AI. Although it started as a joke, the crypto markets value the coin very highly; this is because crypto loves speculation.
What were the key development phases for TurboToad – TURBO?
The development of TurboToad involved several critical phases:
- Concept Development: Leveraging AI to brainstorm and refine the name and character of the coin.
- Tokenomics: The economic structure was crafted based on AI suggestions and refined with contemporary examples to ensure relevance and sustainability.
- Whitepaper Creation: A very concise, informative whitepaper was also generated to outline the project’s vision, technology, and strategy.
- Smart Contract Development: Learning to code and testing the smart contract in various environments highlighted the technical challenges and learning opportunities inherent in blockchain development.
What happened during the coin launch?
The launch initially went over budget due to unforeseen gas transaction costs totaling $140 because of the Ethereum network, exceeding the initial $69 budget. After this hassle, the project saw brief success before encountering issues on the decentralized exchange (DEX), leading to a temporary setback.
Following the setback, the community voted on a way forward, leading to a crowdfunding effort that successfully raised funds, and the coin was rebranded as Turbo with the ticker TURBO. It achieved an initial distribution of 69 billion $TURBO tokens to 50 holders and raised 3.5 ETH, equivalent to approximately $6,669. Truly from rags to riches…
Where to Buy TURBO Meme Coin
Interested in getting your hands on TURBO Meme Coin, the pioneering AI-generated memecoin? You can purchase TURBO tokens exclusively on MEXC Global, a leading cryptocurrency exchange that supports a lot of new coins.
Where to Short TURBO
Not only can you buy TURBO on MEXC, but for those looking to leverage trade, MEXC also offers this option. Users can use this futures markets to short Turbo when time is due. Beware this feature is designed for experienced traders who understand the risks and opportunities offered by leveraged cryptocurrency trading.
TURBO: First of Its Kind – AI Generated
While TurboToad is a pioneer project that profiles itself as the first memecoin that was created by AI, it is still alive with the help of the community and only followed advice from GPT-4, and still had a dev. Perhaps in the future, there will be more innovations where AI generates a coin completely. We will see.
