I dont think it will be good to participate these verifications because it would risk your identity and personal informations,you could just wait for the project to be listed in some exchanges,then wait those bounty hunters and investors to dump these coins so that you can get these coins below the ICO price and still your privacy wont be compromised.
in contrast to your thinking that KYC aims to protect us as investors. Because we get token legally and get security guarantee. Bounty hunter is also an investor because they work and get tokens to trade. KYC is also a threat to fraudsters in this forum they can not hire their multiple accounts.
It is very easy to create fake IDs just like the fake accounts. Check google playstore from any android phone and you will see at least 20 different apps that will let you create fake virtual IDs. So a person creating fake accounts can also use those apps and create fake IDs to participate in ICOs. However, from my experience with ICO bounties, I have seen companies are not asking bounty hunters to provide their identity (at least a majority of them), so we bounty hunters are safe as of now.
I have created a topic long back on the same issue and also mentioned three pointers of the concerns. Do visit and share your opinion as well.
https://bitcointalk.org/index.php?topic=2946614.40Thanks,
Avikz
A good opinion, there is always a way to make a fraud even if KYC is applied.
Let's think of the positive impact of KYC implementation, it is unfair to see this as a violation of the principle of decentralization and anonymous crypto / ICO.
BTW a very interesting topic and I have read it.
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