Yes, but the Binance chain is a lot more worse than just an altcoin. Everything's controlled by Binance. They can censor, reverse transactions, increase the supply whenever they want, forbid from certain Binance users to acquiring tokens etc. That being said it's kinda ironic to promote "chain validation" and "blockchain technology" from a so centralized situation; it's a conspiracy to the technology.

Too late. Charles just opened a can of worms.