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Why should I join a Federation?
Defense
Joining a more powerful Federation automatically makes your empire stronger. This is because your Federation can indirectly protect you by making threats to other empires who dares to bully you. An example is, an empire which always picks on a weaker empire can be threatened. He will probably stop after the threatening. Members can also inform you if there are any urgent events such as galaxy crisis or if someone attacked you.
Sharing of information
When you are in a Federation you can actually track who is attacking who and so on. This can prove to be an important issue, as you can not only keep an eye out for your fellow members, but you can monitor any hostile events.
More fun
You can join a group of friends or make new friends.
Team work
Once you join a Federation it is much easier to work together as a team. For example, you can work together to bring down a single enemy. Why? Because usually a Federation will have a number of players with different ranks. A higher player will not be able to attack a much-lower-rank empire due to the vast difference in strength. This is where a lower rank member of your Federation can assist you out and attack this lower rank empire.