The New FLETA Wallet is Here!

FLETA is a platform that uses the Blockchain technology to provide DApp developers with all the necessary tools, technology, and support to build their projects in the FLETA ecosystem.

FLETA’s main mission is to create a platform that allows the development of DApps in the simplest and most optimal way. FLETA’s use of innovative advanced technology will create a platform that provides enhanced efficiency as well as independence for DApp developers.

FLETA is able to provide infinite scalability while increasing transaction speed and lowering development costs. DApps on the FLETA’s network are totally independent and benefit from a lot of freedom. The platform offers the ability to create fully customized subchains for each DApp which means that DApps can operate and update independently based on their own governance. This also allows DApps to run smoothly.

FLETA uses a new and improved consensus model called the PoF (Proof-of-Formulation) which is a consensus algorithm where blocks are generated in a designated order rather than randomly like on the traditional PoS. Every time a token is created on the FLETA platform, their own transaction chain is created too.

The FLETA team has developed a wallet available for Android as well as Web. The FLETA wallet can store various ERC-20 cryptocurrencies and it’s available for free. The wallet’s main value can be calculated in KRW or USDT.

How to Use The FLETA Wallet

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Creating a wallet is fairly simple. Users will need to visit https://wallet.fletamain.net and register an account there. Once they confirm the email, they can log in and create their wallet. An official guideline can be found here and here.

To select the preferred language, click the 3 bars located on the top right to go to the settings page. On this page, the user can select between Korean and English and can check the official information about FLETA like the official telegram, Reddit, discord or email.

The FLETA Wallet allows users to receive and send FLETA coins to other wallets, request new delegation or an automatic block reward delegation as well as changing the settings of Formulator mining rewards. The main page of the wallet showcases recent FLETA news

How to Send or Receive FLETA coins

On the main page of the FLETA wallet, select the ‘wallet’ option, located on the bottom left.

Now click on the ‘ERC-20 Deposit Ethereum’ button in the middle. This will redirect you to another page where you can check your current ERC-20 address for FLETA coins. This allows you to receive FLETA ERC-20 tokens from exchanges or other wallets.

Similarly, to send FLETA coins, click on ‘ERC-20 Withdrawal’ which will redirect you to another page where you can input the amount of FLETA tokens you want to send as well as the ERC-20 address where you want to send them. Keep in mind the commission fee is currently 30.1 FLETA coins.

How to Request a New Delegation

Click on the ‘Mining’ tab on the bottom right. Now on the top of the page, select ‘Delegator’. Here you can check the current number of locked coins as well as the number of total mined coins.

To request a new delegation, simply click the ‘+’ button in the middle. This will redirect you to the FLETA delegation page where you can choose the amount of FLETA coins and the validator. Once everything is filled, click on ‘Request Delegation’.

Users can also choose to request automatic block reward delegation on the same page. Click the small settings button to the right of your current delegation. Now click on ‘Start Automatic Block Reward Delegation’.

Becoming a Formulator

On the same ‘Mining’ Tab, click on ‘Formulator’. This will show your total number of locked coins, balance and total mined coins as well as the 3 nodes, Alpha, Signa and Omega. In order to become a formulator, click the ‘+’ button in the middle.

In order to generate 1 Alpha Formulator, the user needs to lock at least 200,000 FLETA coins with a mining efficiency of 100%.

The mining efficiency of a Sigma Formulator is 115% but requires 4 Alpha Formulators that have been operating for more than 30 days.

The mining efficiency of the Omega Formulator is 130% and requires 2 Sigma Formulators that have been operating for more than 30 days.

Conclusion

The FLETA team has been working hard and pushing updates regularly, the FLETA wallet is a very important pillar in the FLETA ecosystem. The developers are working hard on bringing even more features to the wallet like a payment service that will be available in the near future.

The wallet itself is really easy to understand and use with a beginner-friendly interface. It is intuitive and you don’t need deep technical knowledge to understand how it works as everything is explained with simple terms.

The FLETA wallet allows users to send and receive FLETA coins easily and enables them to participate in the mining process without having to withdraw their coins.

Check new FLETA Wallet on: https://wallet.fletamain.net/

Website: https://fleta.io

Twitter: https://twitter.com/fletachain

Telegram: https://t.me/FLETAofficialGroup

Github: https://github.com/fletaio