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Fogo: Fee-Free Flames on Backpack Exchange, Trade FOGO-PERP with 100% Fee Rebates
Trade FOGO-PERP on Backpack Exchange and earn 100% fee rebates during the Fee-Free Flames campaign
Published on January 15, 2026, 2:00 UTC
This article is for informational purposes only and may not apply in all regions.
GM Lads,
Backpack Exchange invites you to join Fogo: Fee-Free Flames.
During the campaign period, all eligible trading fees that would normally be charged will be rebated to participants in USDC, based on their qualifying trading activity. Read on for full details on how the campaign works.
Campaign Details
Campaign Name: Fee-Free Flames
Campaign Period: January 15, 2026, 2:00pm UTC to January 22, 2026, 11:59pm UTC
How It Works:
We rebate 100% of eligible trading fees paid on FOGO-PERP fills during the campaign.
- Eligible fees: maker and taker fees only
- Not included: funding payments, liquidation fees, borrow or interest charges, or any other non-trading fees
- Eligible order types: manual trading and in-product grid bots
- Not eligible: API trading (orders placed via API keys or third-party bots)
- Account balance requirement: maintain a minimum $1,000 USD notional account balance at the time the campaign ends
- Eligibility snapshot: January 22, 2026, 11:59pm UTC
- Rebates are credited within 7 days after the campaign ends
- Abuse, including wash trading, multi-accounting, or attempts to bypass campaign rules, will result in disqualification
- Note: trading volume from this campaign does not count toward affiliate rebates or other reward programs
Eligibility
This campaign is open to all verified Backpack Exchange users in supported regions who meet the following criteria:
- Trade FOGO-PERP during the campaign period
- Use manual trading or in-product grid bots
- Maintain a minimum $1,000 USD notional account balance at the campaign end snapshot
- Do not place FOGO-PERP trades via API
API trading volume is not eligible for rebates. Manual and grid bot trading volume may still qualify even if a user has API activity on other markets.
Token Information
$FOGO Token Details
- Token Symbol: FOGO
- Total Supply: 9.93B $FOGO
- Circulating Supply: 3.75B $FOGO
About Fogo
Fogo is a purpose-built Layer 1 blockchain designed for trading, high-throughput DeFi, and low-latency execution. It is compatible with the Solana Virtual Machine (SVM), enabling existing Solana programs and tooling to run on Fogo without modification.
The $FOGO token is the native asset of the Fogo network and is intended to support core protocol operations as the network progresses toward full mainnet.
Why Trade FOGO Perpetuals on Backpack Exchange
100% Fee Rebates During the Campaign
Trade FOGO-PERP with 100% fee rebates during the Fee-Free Flames campaign. All eligible maker and taker fees paid during the promotional period will be rebated in USDC.
Advanced Perpetuals Trading
- Deep liquidity with tight spreads and efficient execution
- Robust risk management tools designed for perpetuals trading
- Cross-margin support for efficient capital utilization
Secure, Low-Fee Platform
Backpack Exchange offers institutional-grade security, transparent fee structures, and a reliable trading environment built for both active and professional traders.
Fair Trading Policy
- Wash trading, self-trading, or market manipulation will result in disqualification
- Backpack reserves the right to review suspicious trading patterns
- Only genuine trading activity counts toward fee rebate eligibility
Frequently Asked Questions
Q: What happens if my balance drops below $1,000 during the campaign?
A: Eligibility is determined based on your notional account balance at the time the campaign ends. If your balance is below $1,000 USD at the campaign end snapshot, you may be ineligible for rebates.
Q: Can I use trading bots?
A: Yes, in-product grid bots are eligible for this campaign. Trades placed via API keys or third-party bots are not eligible for fee rebates.
Q: If I trade both manually and via API, do I still qualify?
A: Manual and grid bot trading volume on FOGO-PERP may qualify for rebates. API trading volume is excluded and will not receive rebates.
Q: When will I receive my rebates?
A: Rebates will be credited to your account in USDC within 7 days after the campaign ends.
Q: How are rebates calculated?
A: You receive 100% of eligible maker and taker fees paid on qualifying FOGO-PERP trades during the campaign period.
Q: Can I trade other perpetual markets during this campaign?
A: Yes, but only FOGO-PERP trading fees qualify for rebates in this campaign. Other perpetual markets follow standard fee schedules.
Q: What counts as abusive behavior?
A: Abusive behavior includes wash trading, self-trading, market manipulation, multi-accounting, coordinated exploitation, or any activity designed to game the rebate system rather than genuine trading.
Disclaimer: This content is presented to you on an "as is" basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details.
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Ready to trade FOGO perpetuals with 100% fee rebates? Sign up now and join the Fee-Free Flames campaign.
