Generate a new cryptocurrency in under 23 seconds with ease

A New Cryptocurrency Created in Less Than 30 Seconds: A “Speedrun” Video

A new “speedrun” video has recently surfaced, showcasing how anyone with an internet connection can create a brand new cryptocurrency from scratch in under 30 seconds. The video has gone viral in the cryptocurrency community, with digital artist Johnny Shankman completing the “speedrun” of creating and deploying an entirely new token named “EASY_MONEY” in just 27 seconds. A day later, the record was beaten with a new time of 22.45 seconds.

The term “speedrun” originated from the gaming community, and is typically used when referring to completing a game or level in a game as quickly as possible.

Creating a New Token with Contracts Wizard

Shankman utilized the program Contracts Wizard, created by the crypto cybersecurity firm OpenZeppelin, to quickly generate code for an ERC-20 token with just a few clicks of a cursor. With the program, users can select a number of potential features for their token. After the code was created, Shankman then used an application called Remix, which compiled the token’s smart contract and deployed it on a given blockchain network. In the video, Shankman deployed his EASY_MONEY (EZ) token on the Ethereum testnet.

It’s important to note that the video was created for educational purposes only, and the EASY_MONEY token deployed on the Ethereum testnet is not a real token to be speculated on.

The Viral Popularity of Shankman’s Video

Shankman’s video gained significant popularity in the cryptocurrency community, with many large accounts on Crypto Twitter reposting it. The video has now garnered over 3 million views across a series of different accounts. The viral popularity of the video coincides with the recent boom of “shitcoins” in the broader crypto ecosystem. This recent memecoin trend has been led by a frog-themed token called Pepe, which has seen its value surge more than 5,000% since its inception on April 14.

In a follow-up comment, Shankman pointed out that someone had created a token with the same name as his explainer, but he did not create it, nor would he be buying it.

Less than 24 hours after Shankman’s video was released, another account on Twitter posted a new video that completed the same process in just 22.45 seconds, setting a new unofficial record for the memecoin speedrun.