In 2017, Binance Coin $BNB was launched with an ICO price of $0.10 per coin. Let's calculate the potential return on investment (ROI) if you had invested $1,000 in BNB at its launch price.
Initial Investment Calculation:
- ICO Price: $0.10 per coin
- Investment Amount: $1,000
- Number of Coins: $1,000 / $0.10 per coin = 10,000 BNB coins
Current Value Calculation:
- Current Price: $719.72 per coin (approximate)
- Current Value: 10,000 coins * $719.72 per coin = $7,197,200
Return on Investment (ROI):
- ROI: (($7,197,200 - $1,000) / $1,000) * 100% ≈ 7,097%
If you had invested $1,000 in BNB at its launch price, your investment would be worth approximately $7,197,200 today, representing a staggering return of about 7,097%.
