snip..
There is no bounties on IEO so nope, there is no work for bounty hunters on IEO. I don't understand with that protect word as you said OP.
What i know is IEO protect investors, so the investors don't need to worry to get scammed because the IEO usually hosted by a big exchange like binance and huobi
I have not check the project above yet, these are just example and I am not recommending to participate on it.