Web3 Bug Bounty Firm Immunefi Plans ICO, Targets TGE in February 2026 – Crypto News – Crypto News
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Web3 Bug Bounty Firm Immunefi Plans ICO, Targets TGE in February 2026 Web3 Bug Bounty Firm Immunefi Plans ICO, Targets TGE in February 2026

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Web3 Bug Bounty Firm Immunefi Plans ICO, Targets TGE in February 2026 – Crypto News

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7 months ago

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The firm is selling IMU tokens for about $0.013 and will offer 3.7% of the total supply.

Immunefi, a blockchain security firm known for managing bug bounties across decentralized finance (DeFi) protocols, plans to raise $5 million through a public sale on CoinList, a platform that facilitates crypto token sales.

The sale, running from Nov. 12 to Nov. 19, will offer roughly 374 million IMU tokens, about 3.74% of the total supply, priced at $0.01337 each. That implies a fully diluted valuation (FDV) of $133 million, more than 70% below the last private round, which valued the tokens at a $500 million FDV, according to a CoinList announcement on Nov. 5.

Addressing the token’s discount, Mitchell Amador, CEO of Immunefi, said in commentary for The Defiant that the firm is doing a community sale “at a significant discount but with a small allocation cap to build the community that believes in and backs IMU’s mission from the get-go.”

Amador also added that “only the CoinList sale tranche will be 100% unlocked at TGE, while the rest of the supply will be staggered and released over multiple years.”

IMU Tokenomics

Founded in 2020, Immunefi has become a major player in safeguarding decentralized finance, securing more than 650 protocols, including Ethereum, Aave, Chainlink, and Optimism. The company says its network has prevented more than $25 billion in potential losses and now protects $180 billion in crypto assets.

Proceeds from the token sale will support the rollout of Immunefi’s new “Security OS,” an AI-powered hub designed to detect and prevent exploits before they occur. The system is trained on what the company touts as the “largest private dataset of exploits, bug reports, and bugfixes.”

The IMU token is designed to reward researchers and community members who share threat information. Users can also earn or stake tokens in exchange for vulnerability reports or security audits.

“Communities can stake tokens to support a protocol’s security initiatives and receive rewards in return. In both cases, staking unlocks onchain recognition and financial upside for advancing the shared goal of a safer onchain economy,” Amador explained.

Of the 10 billion IMU tokens, 47.5% are allocated to ecosystem growth and community rewards, 26.5% to the team, 16% to early backers vested over three years, and 10% to a reserve fund “for future needs and unforeseen opportunities to accelerate platform growth,” Amador noted.

The sale on CoinList excludes residents of the U.S., Canada, China, the United Kingdom, and certain other jurisdictions.

Other Web3 security firms have also launched tokens as part of their growth strategies. In 2023, another blockchain forensics firm, Arkham Intelligence, introduced its ARKM token via a Binance Launchpad sale, but over the last year, it has fallen by roughly 85%.

ARKM Chart

As of press time, ARKM is down over 90% from its all-time high of $3.98 in March 2024, per CoinGecko data.

Large allocations to team members, early investors, and its foundation were subject to multi-year unlock schedules, which meant steady new supply entering the market, putting pressure on prices.

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