Chat GPT-4: The cheapest way to build a smart contract?

Abdus Salaam Muwwakkil
2 min readMar 18


Looking to build my own token/coin; but want to understand a bit better on how to build smart contracts. I asked Chat GPT-4 and it gave me this answer:

The cheapest way to build a smart contract depends on a few factors such as the platform you choose, the complexity of the contract, and your own technical expertise.

Here are a few general tips that can help keep costs down:

  1. Use a free or low-cost development environment: Platforms like Ethereum offer free development tools, such as the Truffle Suite, that you can use to develop and test your smart contracts.
  2. Choose a simple contract: The more complex your contract, the more time and resources it will take to develop. Keep your contract as simple as possible to minimize costs.
  3. Use existing code: There are many open-source smart contract templates available online that you can use as a starting point for your contract. This can save you a lot of time and effort in development.
  4. Hire a freelance developer: If you don’t have the technical expertise to develop your smart contract yourself, consider hiring a freelance developer. Freelancers can often offer lower rates than full-time developers.
  5. Consider using a smart contract generator: There are online services that allow you to create smart contracts without writing any code. While these services may not be suitable for all use cases, they can be a good option for simple contracts.
  6. Remember, even though cost is important, it’s also important to ensure the quality and security of your smart contract. Don’t cut corners on testing and auditing, as this can lead to costly errors down the line.

Curious if anyone can provide more specifics assuming I can build all of the software reqs., or find someone to do so? What are the other costs associated with a smart contract…




Abdus Salaam Muwwakkil

Abdus helps data leaders and innovation teams deploy problem solving solutions to unlock the talents of their people and establish competitive advantages.