BitMonEx, one of the leading cryptocurrency exchange in Mongolia, and StratX, a global research and due diligence firm in the blockchain industry, join as FLETA Validators to strengthen mining ecosystem.

The blockchain industry is particularly interested in FLETA’s Formulator service utilizing its own consensus algorithm,Proof-of-Formulation (PoF). The PoF is characterized by providing block reward to every node participating in FLETA mining based on the chain’s fast speed of 14,000 TPS, which makes FLETA one of the fastest chain in the world.

Besides, FLETA is running the Validator-Delegator system, which allows anyone to be a contributor to FLETA ecosystem. Validator is a node that contributes to FLETA network by using Validator’s own server. Validator is a key participant of FLETA mining ecosystem that adds additional credibility to FLETA network and allows delegators to participate in FLETA mining.

Stratx is a global blockchain company actively working in North American and the European regions with its headquarters in Canada and branch in the United Kingdom. StratX operates nodes of various blockchain projects and provides consulting services to projects.

StratX explores promising blockchain projects at their early stages and work closely with projects to grow together. It currently operates nodes of projects such as Vechain, Orbs, Theta, Chainlink, and Harmony.

FLETA and StratX first met at the DELTA Summit in Malta in last October and had in-depth discussions since. Stratx signed a partnership with FLETA to join FLETA’s mining ecosystem as Validator.

StratX will also contribute to FLETA Network while helping global businesses of FLETA project. StratX’s partners include major companies of blockchain and cryptocurrency industries, including blockchain projects like Tron and Orbs and global cryptocurrency exchanges such as Liquid. Through the partnership with StratX, FLETA is expected to accelerate its activities in the global market along with cooperation between other global cryptocurrency exchanges and blockchain projects.

FLETA’s another new global Validator and partner company, BitMonEx is Mongolia’s first digital asset exchange that offers blockchain and cryptocurrency consulting services, project management, and marketing services. Through close cooperation with the Mongolian government, Bit Mon Ex aims to be a blockchain service company representing its country. It is growing through partnership with Bittrex; it assists project listing of Bittrex Global and shares advanced security technologies. Based on the partnership with BitMonEx signed earlier this year, FLETAis working on connecting networks between Mongolia and South Korea and the development of both companies. After BitMonEx joins as FLETA’s global Validator, both companies aim to solidify their relationship.

Henry Hong, CEO of FLETA said, “FLETA’s new global Validators will further expand FLETA’s ecosystem to link Asia, Europe, and North America. Based on the expanded ecosystem, we will make FLETA to be one of the representative blockchain platforms”. He also expressed confidence in expanding the ecosystem by saying, “Starting with the addition of global Validators, promising domestic and foreign companies will be added as FLETA Validators.”

Meanwhile, FLETA officials said they would announce another Validator within this month to further strengthen the FLETA’s ecosystem.

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