Immunefi Launches Credits, Over 700 Researchers Receive Allocations

The blockchain bug bounty platform Immunefi has announced the launch of Immunefi Credits. Researchers will receive equivalent Credits for the fees paid for valid reports, covering valid discoveries, resubmissions of valid reports, privately known issues, and mediation results favorable to researchers. More than 700 researchers have already received Credits without the need to apply, and the allocations can be viewed on the Credits page associated with the console balance. Credits can be used to pay for report submissions, mediation, account verification, and will be used for related services once Immunefi Studio is opened to the public. One Credit is worth 1 USD and can be purchased with USDC. Credits do not replace bug bounty or audit competition rewards; valid discoveries will still receive rewards according to the original rules and will additionally receive Credits equivalent to the submission fees. The Credits issued retroactively are valid for 12 months from today, and each subsequent Credit is valid for 12 months from the date of crediting, bound to the account, non-transferable, and non-redeemable. Eligible situations include discoveries already paid in bug bounties or confirmed in audit competitions, duplicates of valid reports by others, privately known issues and their duplicates, and mediation fees when winning mediation. Publicly known issues, invalid reports, out-of-scope submissions, policy violations, duplicates of rejected reports, and duplicates of one's own reports are not counted. Account verification fees can earn equivalent Credits when there is a valid report after verification and the accuracy rate reaches at least 25%. The fee mechanism applies to bug bounties from March 24 and to audit competitions from April 10, with relevant verifications currently conducted approximately every two weeks.

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