But KYC is the only way to redeem some coins earned by bounty hunters. They have no choice at all but to comply.
That would be all well and good if the bounty terms stated that it was required up front, but we've seen examples where this isn't the case and it isn't fair. Nor do I think these projects need those documents. They aren't required by regulators AFAIK and there is no need to know who the bounty hunters really are.
3. many new companies run their own programs but generate a lot of scams and junk tokens. and I hate saying allocation cuts when sales end successfully.
That about sums up the state of the ICO space. I'm led to believe that there are more scams than legitimate projects based on all the scam accusations I see here. And even if a project isn't a scam, the tokens will more than likely end up worthless and the project will go nowhere.