Cool summary! Gambling surely is in the DNA of these Asian dudes :) You can skin the cat in many ways, but you still end up with the same issues —1/ how long does the low/zero fee subsidy last for and 2/ how do you escape the need for high velocity in the native coin. The Binance Coin is no exception — https://medium.com/@hristovbz/valuing-the-binance-coin-bnb-fe2c5784c2ae