A crypto trader shows how to launch a worthless token in ten minutes on Binance Smart Chain, naming it Gemify. He warns the process is so easy anyone can do it, which is why crypto scams and rug pulls are rampant, and urges viewers not to buy tokens without real utility.
Chapters
What is goodie, my people? We are back again with another gem. Listen, I think we can all agree crypto was probably one of the best things ever created in the entire freaking world, besides food, water. My cat is screaming, um, we love that too. Oh, my fiancée, she's cool too. Um, anyways, crypto is great, you know what I'm saying? But just like anything else in this world, in the entire existence of everything, there are downsides. There are downfalls to them all. And one of the biggest downfalls of cryptocurrency is the fact that it's so freaking easy to make. I personally never knew, you know what I'm saying? I've been in crypto for almost 6 years now, and never in my life have I ever sat down and thought like, wow, I can make a cryptocurrency myself, you know what I'm saying? Until this morning. I was bored, I'm not gonna lie to you. I was bored. I finished checking out the charts, everything was down, everything was red, I was sad. But I was like, wait a minute, What if I tried making my own cryptocurrency? So I expected to spend the whole day trying to learn how the heck to do this, watching ad videos, documenting my experience, all this different type stuff. I typed in Google— that's me typing— I typed in Google, how to create your own cryptocurrency, and to my surprise, every video was like 15 minutes long talking about how to make your own cryptocurrency in 5 minutes. 7 minutes. I was bamboozled. I was absolutely stricken, you know what I'm saying? And the titles, it said for beginners. How do you be— how do you beginners— I thought, I'm not gonna lie to you guys, like I said, I've been in cryptocurrency for a long time, but I'm good at trading it. I'm good at finding coins that's good. I'm good at, um, buying low, selling high, you know what I'm saying? That's what I'm good at. I'm not good at programming, typing words and letters. I'm not a developer. I'm not a coder. I'm not That's not my thing, you know what I'm saying? So I'm like, how are you a beginner in coding? I'm like, in my head, when I think of coding, y'all ever seen those movies where the hackers come and it's like the letters is black and green and they just type in random stuff trying to fight the other hackers? That's what I thought crypto was. I thought somebody, some dude with glasses on and no t-shirt, hairy chest, hair all crazy, you know what I'm saying? He just back there typing for 20 years long creating a cryptocurrency. But that's not how it is. I literally made a cryptocurrency in like 8 minutes and 57 seconds. The seconds part is— I just made the seconds part up, but it was like, it was literally like 8 minutes. And I know nothing about coding, nothing about developing. I've never opened JavaScript or whatever the heck, Python, whatever y'all people call it. I just went in there and copied another cryptocurrency and changed the name, and I listed it on Binance, and a whole bunch of people bought it. The coin is now worth $103 million. Is what I hope I could have been able to say. I just made the coin and put it on Binance. Nobody bought it, I don't think. Wait, let me check. Yeah, nobody bought it. Um, but I was able to do that all within 8 minutes. It's absolutely crazy, man. It's mind-blowing. And like I was saying, there's a downfall because it's so freaking— computer, shut up, I'm talking. It is so freaking easy to create a coin, and that's where all these scams come from because people literally just copy and paste these coins put them on the market, make a nice little website, promote it on Twitter for a second, and just take everybody's money. So I have a hard time with that, you know what I'm saying? And I hate when people DM me and talk about, I got rug pulled on this, can you help me make my money back? Oh, this coin just won't let me sell my coins, can you help me make my money? I'm gonna show you why you should not trust every single coin. I'm really good, we're gonna go through, I'm gonna make a coin. I'm not gonna do a tutorial, I'm not gonna show you guys how the heck to do it because I don't want more people doing it. I'm gonna show you guys how fast I make it though., and I'm gonna put it on PancakeSwap. I'm gonna add liquidity, and I'm going to trade it on my other MetaMask wallet to show you guys I made a legit coin within this short amount of time. So if you're excited for this video, something new, it's gonna be very entertaining. If you're not entertained already, smash the like button. You're gonna be entertained, so smash the like button. Like I said, you have one more chance. I'm gonna say smash like button one more time. If you don't do it, I'll find you and your grandma. You don't want to know what I'm gonna do to your grandma. Smash the like button though, subscribe, hit the post notification bell because I'm dropping straight gems. That's why I'm about to name my coin. I didn't even think of a name yet. I'm naming it Gems. Gemify. That's what I'm gonna name it, you know what I'm saying? It's gonna be the hottest coin in the entire world. Don't go buy it. I'm serious. When I make the coin, don't go buy it. Don't do none of that. I'm just gonna put enough liquidity in it for me to be able to buy it. I don't think anybody else would be able to do it. I'm not really— I don't— don't buy it. I'm not gonna put the contract address, nothing. Just don't buy it. It's because I'm not promising you get your money back, you know what I'm saying? I can't be refunding a million people. But let's just hop right into this video. All right, so boom, here we are. I'm basically in a very complicated looking thingy, and I have this other very complicated looking thingy. This is basically like the code that I'm just gonna steal and rename. I don't know what code it is, but we're just gonna steal it and rename it basically because it's now ours. I'm gonna make the next hottest Shiba Inu, um, Doge collab Floki collab coin thingy, you know what I'm saying? But, uh, I'm just gonna have these two tabs open. That's really all I need. Like I said, I literally did it earlier. If we look in here, you can actually see the coins that I have. I made this coin called Try Me, and I did the, um, the ticker symbol's TME. I gave myself like 200,000 of it, then I burned the rest of it, or just something. I forgot what I did with the rest of it, but this is all I really need. So we're just gonna come over here, I'm gonna press this button, and we're just gonna type a bunch of words in. Let's see how fast I'm typing. Yeah, I'm that guy, you know what I'm saying? So now that we're done, all we're gonna do is come over here, press this little swap button. We're gonna make sure all this says what it's supposed to say. I believe this is what it's supposed to say. We're just gonna press compile. Boom, that worked nice. Next step, I literally just come up here, I press this right here, and this is the wallet address it's going to go through to. This is my MetaMask right here. We're just going to make sure that it lines up. It does not. I have to change this Injected Web3 thingy. Bada boom, bada bing. Now this should be my wallet address, 0x04B. Come up here, 0x04B. Boom. Now it's gonna go to my wallet. Next, I'm gonna choose how many freaking tokens I want, you know what I'm saying? How many tokens is going to be— how many of these Gemify tokens are there going to be? All we're gonna do over here is come and put how many we want. So let's say I want to put— I want 500,000. Boom, that's 500,000. But every cryptocurrency is kind of rounded to the nearest 18th decimal place, so I have to now put 18 zeros at the end of this. So 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18. Boom, just like that. And once that is done, I— all, all I have to do is press, uh, deploy. And then it's going to pop on MetaMask. I'm going to need some BNB as my gas fee because this will be on the Binance Smart Chain. We're going to press confirm just like that. Once this confirms, it's going to pop down again with something else that I'm going to have to approve again, and then we will go to the next step there. Did it do it? Oh, actually it already did it. So boom, okay, now we have it down here. We're just going to come down here and this is where we're going to see all of our information for the, uh, token that we just created. Now this is our transaction hash down here. I'm not sure if you guys can see it, it's actually pretty small, but all I'm gonna do is copy it. I'm gonna come over here to BSC Scan— scan— how do you spell scan.com? I believe that's the website. Yep. And we're just gonna come here and paste that transaction hash right into here. And as you see, it was a success. We did it, we made our Gemify coin with a ticker symbol GEM, you know what I'm saying, because Dropping straight gems, you know what I'm saying? I spent $2 on gas fees. Who's sending me that back? But then all we're gonna have to do is come over here, and this would be our contract address. We just click the name Gemify, and this is our contract address as of right now. So like I told you guys, I just made this coin. 2 seconds, literally. I, I did that, and the coin is now made. Gemify is now a legitimate coin. As you see, the total supply is 500,000 GEM. If I look in my MetaMask right now, I own every single GEM. I actually have to add it in here. Oh, sorry. I'm gonna take the contract address right here, actually come to my MetaMask, and I have it in my wallet, but I just have to make it show up in my wallet. So we're just going to press import token, custom token, and we're just going to paste it in here and it'll fill out the rest. We got GEM, 18 symbols, boom. So import token, and as you see, I now have 500,000 GEM tokens in my wallet. So I own all the gems. But what is a cryptocurrency if I can't sell it, or if somebody else can't buy it? I now hold all of it. So the next step would then be to send some of the crypto coins back to the contract address. So this is how people kind of take a holdings for themselves when they make a cryptocurrency, and they decide— they get to choose how much goes back into circulation. So let's say, for example, this is the contract address right here. We're just going to press copy address. We're gonna come back to our MetaMask, we're gonna go on Gem, and we're just gonna press send. And we're just gonna paste that contract address into here, and that's like me sending it back to the contract. So now it's, it's able to be traded for, for like BNB or BUSD or whatever it is on PancakeSwap. Um, but let's say I want to keep a chunk of it. Let's say I want to hold, I want to hold 20% of it, you know what I'm saying? I'm just going to send them, I'm going to send back to the contract address 400,000. That would then be the circulating supply that like other people have. I have 100,000 Gem tokens myself. I'm rich in Gem, you know what I'm saying? But I throw y'all a couple extra so y'all go play around with those other Gem tokens. But, um, yeah, so all we're going to do is just press next and then we're just going to press confirm. We're sending it to the contract address, remember that. So now the contract address or the contract itself owns these tokens instead of me owning all the tokens. As you see, it's sent out and now I only have 100,000 Gem to my name. But then again, there's no liquidity. If you know So if you go to any exchange, if I go to PancakeSwap right now, it's on PancakeSwap because PancakeSwap automatically allows you to trade any coin that is made on the Binance Smart Chain. So I don't have to do anything. I don't have to apply to put it on PancakeSwap. I don't have to send them emails, say, hey, put my Gemify coin on PancakeSwap. All I have to do literally is take the contract address of my token, which is the Gemify token. I'm gonna copy this right here. We didn't go here. And instead of CAKE, I want to swap BNB for— let's paste the contract address in here. And Gemify pops up, we're just gonna press import. I understand, import. And now I can technically swap BNB for Gemify. But the only thing that is stopping me from being able to do it, let's say I have 0.2 BNB inside of my, of this wallet as of right now. So let's say I wanted to buy 0.1 BNB. It doesn't allow me to do it because there's no liquidity. There's no money to be traded for. There's nothing in here that allows somebody else to trade Gemify for BNB. So a simple fix to that, a simple fix to adding liquidity, you might have seen people say, oh, we got rug pulled 'cause they took all the liquidity. This is basically when people don't lock the liquidity. I can go in here and place liquidity myself, which is what I'm going to do. I'll probably put like $100 worth of liquidity in here just for it to like be able to be traded on my other account as I show you guys. But some people, they'll supply the liquidity in the beginning, like some companies that are trying to rug pull, You know, supply like $10,000, $50,000, $100,000 worth of liquidity. Then when they get a lot of people that bought their token, they will then take out all the liquidity and stop everybody from being able to sell it, technically crashing the price, um, and they walk away billionaires or millionaires, whatever it is. So, um, all I would have to do, literally, I have 0.2 BNB in here, and as you see, there's insufficient liquidity for this trade. I'll come over here, press this liquidity tab,, and I would just press add liquidity. Now I had added liquidity for my other thing, as you see here, BNB, um, slash TME, which is my other coin that I made. Um, but we're gonna press add liquidity here and we're gonna start it all over. Uh, let's say I'm gonna put liquidity for BNB and then my token down here. So I'll just paste the contract address of my token right here. And this sounds a lot like a tutorial. I definitely said I was not gonna show you guys how to do this, I'm showing you guys how it's done. I ain't show you guys how to actually code it and do none of that other stuff, even though you could honestly just Google a video and find out how to do it yourself. But I doubt any of you guys would do that. Not saying you're lazy, I'm just saying you're lazy. But, um, this is how we're going to add liquidity. We need to add two different tokens, a base token and then our token itself. So we have BNB, which is technically the best token you can use on, um, the Binance network because that is their native token, and then my token right here. So all we're gonna do is press enable gem right here. It's gonna pop up, we have to approve it. Costs 11 cents to do it. And then it's going to allow us to supply it, um, right then and there. And then I'll show you guys how I'll be able to buy it on my other account that is not associated with this at all or anything like that. So let's wait. Okay, it's done. Supply, create pool, and supply. So once this goes through, I will then come back on my other— well, another one of my wallets, and I would then go and try and buy GEM from PancakeSwap or swap BNB or something like that for Pancake for GEM, sorry. All right, so boom, I am— I now have my other wallet attached to PancakeSwap. If we look through here, it has a bunch of other coins. I don't even know what it's holding inside of here. Yeah, it doesn't have— I usually— it doesn't have my GEM coin in here though. It has 0.1 BNB. So we're gonna try and trade, um, some BNB for my token. So all I'm gonna have to do, you know what I'm saying, we're gonna come here, right on Gemify, my Gemify token. We're just gonna copy the address and do it just like I would trade any other coin. I would come here and just paste my contract address in Import, I understand, import BNB. Now let's say 0.005 I want to buy of my Gem token. 0.005 would then translate to 410 Gem tokens, and all I have to do is press swap, confirm swap, and confirm, and add Gem to MetaMask, so then it would pop up whenever the Gem token goes through. We'll wait for it to go through, it's pending as of right now. Boom, it is now done. We now have Gem token, 410 Gem tokens on my other account. That means anybody is now able to go buy Gem. Like I said, do not go buy Gem. I'm not gonna put the contract address, nothing, none of that. Don't go buy it because you're gonna lose your money most likely, you know what I'm saying? I'm not creating a business or nothing behind it, but I want you guys to understand I literally made this in like freaking 6 minutes. This is a record. I just made this like 6 minutes and 15 seconds, you know what I'm saying? The 15 seconds is exaggerated, so is the 6 minutes. I don't even know how long it took me to make this, but I made it very simply. And people get tricked by a nice website, you know what I'm saying? You can make a— you can hire someone on Fiverr for $15, $20, $25 to make a quick website. I can make it— I can make a nice-looking website in literally 30 minutes. So add the time up together, 30 minutes plus the 8 minutes it took to make this coin, I can have a nice website going, a nice Twitter account, Instagram account set up. 30 minutes, 40 minutes tops, you know what I'm saying? And be promoting it on Twitter now and having people excited about this different coin that I'm offering no utility behind. It's just a coin I took 20 seconds to make, you know what I'm saying? I just want to show you guys how simple it is to make these coins and make them tradable. Not just make them, but make them tradable where people are then able to go put their hard-earned money into these coins. I want you guys to be wary and understand not every coin that you see Not every coin that is promoted on Twitter, not every coin that's supposed to blow up and has a good website or a good name, it's a good coin. It takes scammers 3 seconds to make them because they do it all the time. So I want you guys to be wary, you know what I'm saying? I did all this to tell you guys to be careful out there, man. It's a dangerous world, you know what I'm saying? It could be, it could be a random 12-year-old behind the computer making random coins. Getting y'all money. They buying their mama a Ferrari for Christmas. They mama asking them how. You know what they say? God bless them. God ain't bless you, you a thief. Yeah, you're a thief, you know what I'm saying? I don't even know why I just came up with all— why was I holding my hands like this? But anyways, that is the end of the video. Let me know what you guys think in the comments down below. Have you ever made a cryptocurrency coin yourself? Let me know, because maybe I'm late. Maybe you knew you could do this. There are obviously— there are even simpler ways to do this. There's an app. I saw an app when I was Googling it. You just go and put the name that you want to put in and it makes a coin. It's absolutely ridiculous, you know what I'm saying? But that's the end of the video. If you guys enjoyed it, make sure you smash the like button, you know what I'm saying? Subscribe if you haven't already because I'm dropping straight gems. This was a gem for you guys. This was a gem of me making a gem to show y'all that gems is easy to be scams, you know what I'm saying? That didn't make no sense. But that's the end of the video. Good luck on your trades. Good luck on your scam cryptos. Good luck on your rug pulls. Good luck on your mama's— why I always mention somebody mama? Good luck on your mama's love life, you know what I'm saying? Good luck in life as a whole, and I'm gonna see you on the next video.
