# Altcoin to be Listed by Binance Surges 29%: Risk Warning Issued!

> Binance announced that it will list a new altcoin in the spot market and apply the Seed Tag risk label. Trading will commence on September 4 at 16:00 (UTC+3). Deposits…

**Binance announced that it will list a new altcoin in the spot market and apply the Seed Tag risk label.**

Trading will commence on **September 4 at 16:00 (UTC+3)**. Deposits will open at 15:00 (UTC+3) on the same day, one hour prior to spot trading. Withdrawals will begin on September 5 at 16:00 (UTC+3), and this time is provided as an estimate. Supported trading pairs will be **MARSCOIN/USDT, MARSCOIN/USDC, and MARSCOIN/TRY**. The listing fee was announced as 0 BNB.

TRY will be a fiat currency, and this parity will only be accessible to users with a verified Binance TR account. Spot algorithmic orders will be activated during listing. Trading bots and spot copy trading features will be enabled within 24 hours after listing. Trading access may vary by country or region; account verification will be required for participation.

The token is currently trading on Binance Alpha. Its representation on Alpha will end when spot trading begins. Alpha users can transfer their tokens to spot accounts 15 minutes before spot trading starts. Additionally, sales can be made through Alpha’s instant trade feature within the first hour; orders and trading volumes for these transactions will not be included in Alpha points. Binance will transfer Alpha balances to spot accounts within 24 hours.

Binance stated that MarsCoin is a meme token operating on the BNB Chain and may carry higher-than-normal risk and volatility. For trading access to assets with an initial risk label, users must **pass a risk quiz every 90 days** on the spot and margin platforms and accept the Terms of Use.

According to CoinMarketCap data, the current dollar price for **MarsCoin (MARSCOIN)** is at **$0.1287**, and the 24-hour change was recorded as a **29.27% increase**.