FGA Partners Launches Initiative to Help Businesses Offset Tariffs Through Zero Cost Tokenized Loyalty Program
March 31, 2025
FGA Partners has announced an initiative designed to assist small and mid-sized businesses, particularly in the spirits industry, in offsetting impending tariff increases without passing additional costs onto consumers. Through this program, FGA Partners will absorb the costs associated with the creation of FanTokens on the Pecu Novus blockchain, providing businesses with a unique strategy to maintain customer engagement, brand loyalty, and competitive pricing.
As global economic conditions evolve, businesses in the U.S. spirits sector face the challenge of rising tariffs that threaten to disrupt pricing models and consumer retention. FGA Partners, in collaboration with MegaHoot Technologies and the Pecu Novus blockchain network, is offering an innovative, blockchain-based solution that empowers businesses to navigate these challenges effectively.
How the Program Works:
FGA Partners covers the full cost of FanToken creation on the Pecu Novus blockchain, removing the financial burden from businesses.
Businesses can choose to use the Pecu Wallet for seamless customer transactions or develop a custom digital wallet. However, utilizing the Pecu Wallet enables cross-promotional opportunities with other brands.
The FanToken will be listed on HootDex, the decentralized digital asset exchange, solely for price discovery and not trading, ensuring real-time stable pricing.
FanTokens function as a loyalty and rewards system, allowing businesses to offer discounts, exclusive promotions, event access, and digital assets like NFTs to customers.
Customers can store and use their FanTokens within their Pecu Wallet, initially restricted to the issuing business but with potential future expansion to additional brands.