You will gamble your identity for just a tiny amount of money? It is never okay to give your personal information to anyone because he might use it for evil purposes like scamming other people.
The amount of money doesn't matter, you should never "gamble" with your (online) identity
KYC and data security is a huge problem. Even if a project might be legit and doesn't scam you or has the intent to misuse your personal information, it might get compromised/hacked and ultimately this has the same effect.