Let's calculate the profit from a $100 investment in BNB (Binance Coin) at launch:
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1. Launch date:
BNB was launched in July 2017 through an Initial Coin Offering (ICO)
Launch price: approximately $0.10 per BNB
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2. How much BNB can you buy with $100?
\frac{100}{0.10} = 1,000 \text{ BNB}
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3. Current price of BNB (May 2025):
Approximately $595
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4. Current value of the investment:
1,000 \times 595 = 595,000 \text{ dollars}
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Result:
If you had invested $100 in BNB at launch in 2017, you would own approximately $595,000 today.
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