Theres a Lot of free money in cryptoworld, sometimes you need to do KYC before you receive your Penny money and sometimes you don’t need to. On the other-hand, they are both penny money, it’s your choice if you want to take a risk for just small amount of money. But for me of-course, its the best to not get involved and risk your identity for just that small amount.
Many people are so desperate to get money that they are going to do everything they are told even if that means giving up their identity to scammers, they do this because they see cryptocurrencies as the only hope they have to improve their living conditions, but most of those projects that ask for KYC are not really going to become successful as many people among the community do not agree with such a thing and they are never going to invest in such coins.
This limits the money they could get to develop their project and also limits the talent pool they have since many developers will probably refuse to work with a project that ask for that kind of information, as such it is better to stay away from such projects and never invest in them.