ImmuneFi, one of the most notable bug bounty protocols on Web3, has announced the launch of a new leaderboard feature for ethical hackers on Web3.

As announced by the team, the Leaderboard will select 20 of the most versatile Whitehat hackers in the Web3 ecosystem and rank them based on the critical bugs they report through the ImmuneFi platform.

“We are proud to release the Immunefi Whitehat Leaderboard showing the top 20 whitehats on web3!” ImmuneFi shared the announcement through its Twitter page.

Bug bounties have become a thing in the web3 ecosystem, as protocols incentivize experienced hackers to help examine their code for vulnerabilities. As the industry evolved, ImmuneFi came into being, helping to host Whitehat events in a way that was easy on both protocols and participants.

Whitehats are usually rewarded for their participation, and with this new feature, ImmuneFi said it will bring extra benefits to top hackers.

“Whitehats who earn their spot through awesomeness and hard work are eligible for more rewards, exclusive merch, paid travel, speaking opportunities and more,” ImmuneFi stated.

ImmuneFi said that the ranking of whitehats that submit bug reports through its platform will be based on three crucial factors, including the number of paid reports, the severity of paid reports, and total earnings.

While the new leaderboard feature may not be additional motivation for Whitehats to step up its activities in the space, it certainly creates room for respect among the more elite providers of solutions to piracy problems in the industry.

The appreciation of Whitehats cannot be overstated, a move that was recently highlighted by ApeCoin DAO. The ApeCoin DAO recently passed a vote setting aside 1 million APE tokens as a bug bounty on ImmuneFi to incentivize whitehats to go through their next staking protocol in a bid to see if there is a weak leak that could cause drain. of funds in the short term. future.

Image Source: Shutterstock