Clanker Technology Brief: How do you actually use AI to generate your ClankerMEME?

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Summary: This week I discovered an interesting project called Clanker. Simply put, a farcaster user can interact with this account through text and automatically create a custom MEME coin on Base, while also creating an initial trading pool on Uniswap V3. So I took some time to carefully examine the technical details of Clanker and gained some insights to share with you all. What is Clanker? First, let's briefly introduce what Clanker is. Clanker is a self-governing proxy based on the Base blockchain. Its core function is to help users deploy ERC-20 standard tokens. Users only need to tag @clanker on the social platform Farcaster and provide relevant token information (such as name, code, and image), and Clanker will complete the token creation, liquidity pool setup, and liquidity locking. The entire process does not require users to have complex technical knowledge. The simplified Token deployment mechanism not only allows blockchain enthusiasts to quickly create and operate Tokens, but also promotes a wider range of users to enter the Cryptocurrency field. Its main advantages are reflected in the following three aspects: Drop technical threshold: No programming or Smart Contract knowledge required, anyone can easily create Tokens. Promote the development of Decentralized economy: By binding Token with Uniswap liquidity pool, Clanker helps to continuously rise the Decentralized Finance ecosystem. l Incentivizing community participation: Requesters directly benefit from the Money Laundering proceeds, forming an incentive loop. The entire process of using Clanker is also very simple, mainly divided into three steps:

  1. Meet the account requirements: Users need to have a Farcaster account, and the Neynar user rating for this account needs to be high, representing the user's good behavioral history.
  2. Submit request: Post a Cast on Farcaster, tag @clanker, and provide the following information: Token name, Token code (e.g. TKN), optional image or GIF
  3. Deployment Feedback: Clanker will respond in three ways based on the request status: l Confirm successful deployment and provide the link to the Token page. Request for further clarification of Token information. If the request does not meet the conditions (such as low score, excessive deployment times, etc.), the deployment will be rejected.

So what happened on the Clanker side? Next, let's briefly explain the technical implementation of Clanker. This project doesn't have too many technical challenges. In general, it involves two parts: using Anthropic (AI end) to respond to your creation needs until the Clanker backend can obtain sufficient executable parameter settings. Next, it only needs to automatically call the Smart Contract to create Tokens for you, as well as subsequent on-chain operations. Of course, after successful creation, basic information will also be provided in its simple frontend interface.

First, let's introduce Anthropic. The Anthropic team is composed of scientists and engineers from OpenAI, DeepMind, and other top AI institutions. Its most famous product is the Claude series of large language models. The Claude series models are known for the following characteristics: Strong conversational ability: able to interact more fluently with users in a multilingual environment. Enhanced Security: Prioritize addressing ethical and security issues in user input, and strive to avoid generating harmful or inaccurate content as much as possible. High flexibility: suitable for multiple application scenarios, including content creation, data analysis, code generation, etc. And for Clanker, the main function is its conversational AI, acting as a customer service representative, and guiding you through Cast to provide all the necessary information, such as Token name, Symbol, and logo, etc. Once this information is obtained, the work becomes simple, just need a simple backend hosting. First, the backend will create the Token Liquidity pool in the Uniswap V3 on the Base chain, with an initial market value of about $30,000. Let me explain a bit further here, due to the use of the V3 paradigm, you only need to provide one-way Liquidity by creating all Tokens above the initial price. In Clanker, it will help you generate a Liquidity pool for your Tokens and ETH with a 1% fee, distributing all Tokens from the initial price to positive infinity, while locking the corresponding LP NFT, which will remain locked until the year 2100 according to the current rules. All fees generated during the process will be extracted by the protocol and distributed according to the following rules. 60% belongs to the Clanker protocol, which is used to support the operation of the platform. 40% is allocated to the creator of MEME token as an incentive for token deployment and community support. Overall, this looks like a pretty interesting mini-program, making good use of conversational AI to further lower the barrier for MEME issuance. Interested buddies can give it a try. Each user is allowed to create only once a day. Of course, the essence of MEME is still traffic value. Only when this problem is solved, the MEME you issue will have value. For platforms, if they can continue to maintain the wealth effect, I believe the community will provide a wealth of tools and further optimize the user experience.

CLANKER-4.41%
MEME-3.56%
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