New Ai Meme Coin Launching Soon! Should You Buy Scotty?!

it's Proffitt
18 Mar 202413:09

TLDRThe video discusses the upcoming Scotty AI project, a meme coin combining AI and dog-themed trends. It highlights the project's pre-sale, which reportedly raised $10.7 million, but questions the veracity of this claim. The video also explains the staking and reward system, expressing concerns about the potential for a sell-off after the pre-sale tokens are released. The presenter appreciates the project's transparency with an audit and the absence of minting or honey pot features, but urges viewers to monitor the situation closely once the coin goes live to ensure the project's legitimacy.

Takeaways

  • ๐Ÿš€ Scotty AI is an upcoming cryptocurrency project with a focus on AI and meme coin concepts.
  • ๐Ÿ“ˆ The project claims to have raised $10.7 million in a pre-sale, but verification of this figure is difficult.
  • ๐Ÿ’ฐ The pre-sale involved staking Scotty tokens, with rewards claimable after a 7-day post-launch period.
  • ๐Ÿ“Š The contract address for Scotty AI is available, but the coin is not yet tradeable.
  • ๐Ÿ” Discrepancies exist between the project's website and observed wallet holdings, raising questions about transparency.
  • ๐Ÿค– A key feature of Scotty AI is an AI chatbot, similar to Chat GPT, indicating a technological aspect to the project.
  • ๐Ÿ“œ The white paper for Scotty AI is well-thought-out, with plans for centralized exchange listings.
  • ๐Ÿ”— The project has no minable risks and no transfer fees, which is positive for potential investors.
  • ๐Ÿ›‘ The contract appears secure with no ability for the owner to set fees or mint new coins, reducing the risk of rug pulling.
  • ๐Ÿ“ˆ๐Ÿ“‰ The success of Scotty AI will be closely watched, particularly the handling of the pre-sale rewards and liquidity pool additions.

Q & A

  • What is the main focus of the video?

    -The main focus of the video is to provide an honest investigation into the Scotty AI crypto project, which is a new, not yet launched meme coin with an AI theme.

  • How was the Scotty AI project brought to the attention of the video creator?

    -The Scotty AI project was brought to the attention of the video creator through a recommendation in the comments section by one of the viewers.

  • What is the significance of the pre-sale for the Scotty AI token?

    -The pre-sale is significant because it is claimed to have raised $10.7 million, which would indicate the level of interest and investment in the project. However, the video creator expresses skepticism about the verifiability of this figure.

  • What is the role of the 'chat with Scotty' feature in the Scotty AI project?

    -The 'chat with Scotty' feature is an AI chatbot that is designed to engage with users and provide informative responses, adding a technological aspect to the project beyond just being a meme coin.

  • What is the concern regarding the 7-day period after the launch of Scotty AI?

    -The concern is that if all pre-sale participants receive their tokens 7 days after launch, there could be a significant sell-off, leading to a potential drop in the price of the token due to market saturation.

  • What discrepancy does the video creator notice about the token distribution on the Scotty AI website and the actual wallet holdings?

    -The video creator notices that the website claims 50% of the tokens would be in a public sale and 50% in a dev wallet and marketing, but the actual wallet holdings show one wallet with 70% of the tokens, which is inconsistent with the information provided on the website.

  • What does the video creator suggest about the importance of the liquidity pool?

    -The video creator suggests that the liquidity pool is crucial for the stability of the token's price, especially after the pre-sale tokens are released. If the claimed $10 million is added to the liquidity pool, it would be a positive sign for the project.

  • What are the plans for centralized exchange listings for Scotty AI?

    -The plans include listings on Uniswap and Bitmart, which are necessary for getting the token listed on platforms like CoinMarketCap and for providing legitimacy to the project.

  • What security features does the Scotty AI contract have?

    -The contract has no mint function, meaning the supply cannot be inflated, and the owner cannot set fees, which are both measures to prevent rug pulling or sudden withdrawal of value from the token.

  • What is the significance of the number 17345678 in the context of the video?

    -The video creator is unsure about the significance of the number 17345678, wondering if it holds any meme value or importance within the crypto community.

  • What is the final verdict on the Scotty AI project based on the video content?

    -The final verdict is inconclusive, as the video creator suggests that the legitimacy and success of the Scotty AI project will only be evident after its launch and the addition of funds to the liquidity pool.

Outlines

00:00

๐Ÿš€ Introduction to Scotty AI and Project Overview

The video begins with an introduction to Scotty AI, a new and upcoming project in the crypto world. The host expresses gratitude for a viewer's recommendation and invites more suggestions for projects to review. The focus is on providing honest investigations into crypto projects, avoiding FUD (fear, uncertainty, and doubt) and FOMO (fear of missing out). The video aims to help viewers make educated decisions about their investments in the crypto space. Scotty AI is presented as a meme coin with an AI twist, combining the popularity of AI and dog-themed coins. The host discusses the pre-sale, mentioning the claimed $10.7 million raised, but expresses skepticism about the verifiability of this figure. The staking and claiming process during the pre-sale is also explained, with a warning about potential price fluctuations post-launch due to the distribution of pre-sale tokens.

05:02

๐Ÿ’ฐ Delving into Scotty's Tokenomics and Contract Details

The host continues by examining the tokenomics of Scotty AI, including the distribution of tokens through the pre-sale and the holdings in specific wallets. There's a discrepancy noted between the website's claims and the actual wallet holdings visible on the blockchain. The video discusses the importance of transparency and the potential impact of a large pre-sale wallet holding on the project'sไฟก่ช‰. The host also explores the contract address for claiming and staking, highlighting the need for vigilance regarding the project's liquidity pool and the risk of price dumps. The video touches on the project's plans for centralized exchange listings and the significance of these listings for legitimacy and market visibility.

10:02

๐Ÿ” Final Thoughts and Upcoming Launch

In the final paragraph, the host shares final thoughts on Scotty AI, emphasizing the need to monitor the project closely, especially the actions of the wallets holding significant amounts of tokens. The absence of transfer fees is highlighted as a positive aspect of the project, as it supports a more accessible trading environment. The host also appreciates the project's audit, which found no honey pot or ability for the owner to manipulate fees, reducing the risk of rug pulls. The video concludes with a call to action for viewers to share their thoughts on Scotty AI, whether they participated in the pre-sale or plan to buy in after the launch. The host reiterates the importance of a fair and transparent system for all participants and looks forward to seeing how the project unfolds in the upcoming days.

Mindmap

Keywords

๐Ÿ’กScotty AI

Scotty AI refers to a new cryptocurrency project that is set to launch soon. It is a meme coin that combines the popularity of AI and dog-themed cryptocurrencies. The project aims to create a digital character, Scotty, as a guardian of digital realms. The video discusses the potential of this project and its pre-sale, which reportedly raised $10.7 million.

๐Ÿ’กPre-sale

A pre-sale in the context of cryptocurrency refers to the initial offering of a new token before its official launch and public trading. This is often done to raise funds for the project and to create an initial market for the token. In the case of Scotty AI, the pre-sale is mentioned to have raised $10.7 million, although the speaker expresses skepticism about the verifiability of this figure.

๐Ÿ’กStaking

Staking in the context of cryptocurrencies is the process of participating in the transaction validation (mining) or securing a blockchain network by holding a certain amount of the cryptocurrency in a wallet. In Scotty AI's case, staking is mentioned as a feature that allows participants to earn rewards during the pre-sale period, with the ability to claim and withdraw rewards after the token goes live.

๐Ÿ’กLiquidity pool

A liquidity pool in the context of decentralized finance (DeFi) is a reserve of assets held in a smart contract that allows for the exchange of tokens without the need for a counterparty. It ensures that there are always funds available for trades, which is crucial for maintaining a stable and efficient market. In the case of Scotty AI, the speaker is interested in whether the reported $10 million from the pre-sale will be added to the liquidity pool, as this would indicate the project's seriousness and commitment to market stability.

๐Ÿ’กMeme coin

A meme coin is a type of cryptocurrency that starts as a joke or meme but sometimes gains popularity and value due to social media hype and community support. These coins often feature popular internet memes or humorous themes. In the video, Scotty AI is described as a meme coin that leverages the popularity of AI and dog-themed trends.

๐Ÿ’กAudit

An audit in the context of a cryptocurrency project refers to the examination and verification of the project's financial statements, smart contracts, and other relevant aspects to ensure transparency, security, and compliance with best practices. The video mentions that Scotty AI has undergone an audit, which found issues similar to those discovered by the speaker using DeFi scanner, indicating a level of accountability and transparency.

๐Ÿ’กWhite paper

A white paper is a document that outlines the technical aspects, goals, and strategies of a cryptocurrency project. It is intended to provide a clear and detailed explanation of the project's vision and how it plans to achieve its objectives. In the video, the speaker reads Scotty AI's white paper and comments on its quality and the project's plans for centralized exchange listings.

๐Ÿ’กTokenomics

Tokenomics refers to the economic structure of a cryptocurrency, including its supply, distribution, and the mechanisms that govern its value and utility within a blockchain network. The video discusses Scotty AI's tokenomics, noting that the project is not minable and has no fees for buying or selling, which are positive aspects for potential investors.

๐Ÿ’กCommunity

In the context of cryptocurrency, community refers to the group of individuals who support, discuss, and contribute to the development and success of a particular project. A strong community can drive the popularity and value of a cryptocurrency through word-of-mouth, social media engagement, and active participation. The video emphasizes the importance of community feedback and suggestions, as seen when the speaker mentions a viewer's recommendation to look into Scotty AI.

๐Ÿ’กSkeptic

A skeptic is someone who questions or doubts claims, especially in the context of investments or projects that may seem too good to be true. In the video, the speaker identifies themselves as a skeptic, expressing doubt about the reported $10.7 million raised in Scotty AI's pre-sale and the project's claims without verified evidence.

๐Ÿ’กLaunch

In the context of the video, 'launch' refers to the official introduction of the Scotty AI token to the market, allowing it to be publicly traded. The launch is a critical event for any cryptocurrency project, as it marks the beginning of its life cycle in the market and can significantly impact its price and adoption.

Highlights

Scotty AI is a new project set to launch in a couple of days.

The project was recommended by a viewer in the comments.

Scotty AI is a meme coin with an AI theme, combining the popularity of both AI and dog-related meme coins.

The pre-sale raised a claimed $10.7 million, but verification of this amount is difficult.

Staking during the pre-sale allows for immediate rewards, which can be claimed and withdrawn 7 days after the launch.

The contract address for Scotty AI is available, but trading is not yet live.

There is a discrepancy between the website's claim of wallet distribution and what is visible on the blockchain.

The project has a chat with Scotty feature, an AI chatbot similar to Chat GPT.

The project's white paper is well-thought-out and includes plans for centralized exchange listings.

No minable risks were found, and there are no fees for buying or selling.

The contract appears secure, with no honey pot or mint function to artificially inflate the supply.

The significance of the number 17345678 is unclear, possibly a meme or significant number.

An audit was conducted on the project, which found no critical issues.

The launch will reveal whether the claimed $10 million is added to the liquidity pool.

The project's legitimacy will be further assessed after the launch and observation of wallet transactions.

The community is encouraged to share their experiences with the pre-sale and their plans for the launch.

The video concludes with a call for viewers to suggest other projects for investigation.

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