FLETA Ecosystem Enhanced: Validators and Delegators
FLETA Ecosystem Enhanced: Validators and Delegators of Hyper Formulator
Operators of General Formulators and Validators of Hyper Formulators are the main contributors to the FLETA mining ecosystem.
FLETA technology aims to make blockchain be adopted in real-world businesses where the technology improves efficiency and effectiveness of the business. For this, it is important that more developers and companies can develop their services stably and efficiently based on our technologies, with their trusts on our ecosystem. In this regard, we recently added Hyper Formulators in addition to the General Formulator programme.
What Validators Do
General Formulators are run on the FLETA’s cloud server, but Hyper Formulators are operated on Validators’ own servers. Also, the Hyper Formulators should be set up and run on at least 8-core CPU (the mainnet level).
One of the important roles of Validators is validating the FLETA blockchain. In the PoF, Observer Nodes validate blocks. Blocks confirmed by the Observer Nodes are validated again on outer servers of Hyper Formulators. That is, the credibility of FLETA data will be enforced.
As we prepare Hyper Formulators, FLETA invited Validators who believe in our vision and are able to foster our ecosystem together. Validators will play a significant role in creating the most proper governance which will be a great help in FLETA’s sustainable growth.
Who Are Delegators?
Another participants of Hyper Formulators are Delegators. Delegator is for our ecosystem participants who want to contribute to creating proper governance and enhancing FLETA’s ecosystem, but hard to run nodes. Delegators can delegate their tokens to trustworthy Validators and receive block rewards promised by Validators. By doing so, they contribute to making the FLETA ecosystem more active.
How to Join Validators and Delegators of Hyper Formulators
Validators should have at least 8-core CPU and 5,000,000 FLETA tokens. Since Validators take a great part in the FLETA economy and its performance, FLETA invites Validators through its screening process. Let’s say an original Alpha Formulator(A.F before the change of mining policy) presents 1 mining efficiency, one Hyper Formulator projects 1.3 higher mining efficiencies which are as same as one Sigma Formulator. Also, Validators do not need to run General Formulators at least two months — one month for running four Alpha Formulators and another one month for running two Sigma Formulators — to reach to one Omega Formulator. That is, as soon as a Validator join our ecosystem, they can run the highest performance level of Formulator.
Join as a Delegator is relatively easy. To join as a Delegator, all you need to do is delegating a minimum 100 FLETA tokens to the Validator whom you trust the most. After delegating your tokens, you can receive block rewards that your Validator promises and the Validator’s commissions excluded. When Delegators choose Validators, the commission rate and the Validators’ credibility will be keys to make their decisions.
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