1. Create new file with 72 PPI
and white background. The mode has to be Grayscale. Type the text
with thick font.

2. Layer > Flatten Image
3. Filter > Stylize > Diffuse
(mode "Darken Only")

4. Blur > Gaussian Blur
(Radius 1.0)

5. Distort > Ripple

6. Image > Mode > Index
Color
7. Image > Mode > Table Color
(Choose "Black Body ")

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