The risk is really high when it comes to join a startup, crypto startups are even riskier. So personally I wouldn't apply for crypto companies originated in India.
True, potential risks out weighs the rewards so taking a sling shot with one's career is not a smart decision. As of now the crypto startups becoming successful is being slim due the unpredictable status of crypto regulations in our country so sticking with giveaways or whatever we can do to make crypto by working part time is better until the fogs clear regarding the policies.