What is Immunefi (IMU)?

Immunefi is a Web3 security platform that pays whitehat researchers to report vulnerabilities before they’re exploited. In practice, it’s where many serious crypto teams run their bug bounty programs. The IMU token exists to coordinate that security work onchain, tying researchers, protocols, and governance together instead of relying only on ad-hoc usd payouts.

Why do crypto teams actually use Immunefi?

Most hacks aren’t about negligence, they’re about incentives. Immunefi changes the math by making disclosure more attractive than exploitation. Over time, that’s pushed many DeFi and infrastructure teams to treat Immunefi as a default security layer rather than a nice-to-have. So why does the coin matter? Because security demand tends to scale with onchain value, not market hype.

How does IMU’s tokenomics work in practice?

IMU has a fixed supply of 10 billion tokens and no inflation. Nearly half is reserved for ecosystem and community programs, with the rest split between the team, early backers, and a reserve. It’s not especially flashy. The idea is simply to reward long-term security contribution instead of short-term speculation driven by usd or usdt incentives.

How are IMU tokens allocated across the network?

The biggest allocation, 47.5%, goes to ecosystem and community use. Team and core contributors hold 26.5%, early backers 16%, and 10% is kept in reserve. Only 3.74% was sold via CoinList. That imbalance is intentional — Immunefi is clearly prioritizing ongoing participation over broad early token distribution.

What should you know about vesting and unlocks?

CoinList sale tokens unlock fully at TGE, expected in February 2026. Everything else unlocks slowly. Team and early investor allocations vest over multiple years, while ecosystem and reserve tokens are released through governance. It’s not designed for drama. The structure mainly reduces the risk of large, sudden supply hitting the market.

How much funding has Immunefi raised, and from whom?

Immunefi raised $5.5M in a seed round in 2021, followed by a $24M Series A in 2022. Later came a $5.0M CoinList public sale and a $2.5M IEO on Gate.io. A KuCoin GemPool followed, but that was distribution rather than fundraising. Backers include Electric Capital, Framework Ventures, IDEO CoLab, Samsung NEXT, and other crypto-native investors.

What role does IMU actually play inside the platform?

IMU powers Magnus, Immunefi’s security operating system. Researchers earn it for reports, audits, and threat intelligence. Protocols stake IMU to unlock advanced tools and signal security commitment. Token holders participate in governance. Over time, more of the platform’s security workflow is meant to settle in IMU instead of off-chain agreements or pure usd payments.

Where is IMU traded today?

IMU is live and trading on multiple centralized exchanges. Most spot activity happens in usdt pairs, with a few fiat markets depending on the venue. There’s no heavy focus on leverage or derivatives here. For now, it’s mostly straightforward spot trading, which keeps price discovery relatively clean for this crypto token.

What risks are worth keeping in mind?

Unlocks stretch over several years, so weak adoption could translate into sell pressure. Competition is real too — security tooling and AI analysis move fast. Regulation is still a question mark. That said, if more value keeps moving onchain, demand for credible security infrastructure usually grows alongside it, and IMU is directly tied to that trend.