KYC (Know Your Customer)

Know Your Customer, commonly abbreviated as KYC, is a regulatory requirement that mandates financial institutions and securities platforms to verify the identity of their customers. On GigaStar, all Investors must complete KYC verification before they can invest in Channel Revenue Token (CRT) offerings on GigaStar Market or trade CRTs on the GigaStar Secondary Market.

KYC requirements exist to prevent fraud, money laundering, terrorist financing, and other financial crimes. They are mandated by federal regulations and enforced by agencies including the SEC and FINRA. As a registered funding portal and broker-dealer, GigaStar is legally obligated to verify the identity of every Investor on its platform.

The KYC process typically involves providing personal identification information such as full legal name, date of birth, Social Security number or tax identification number, and a current residential address. Investors may also be required to submit copies of government-issued identification documents such as a driver's license or passport for verification purposes.

KYC verification is generally completed during the account registration process. For existing GigaStar Market Investors migrating to the Secondary Market platform, additional or enhanced KYC steps may be required to meet the broker-dealer account standards of GigaStar Securities.

The verification process is designed to be completed quickly, though some cases may require additional documentation or manual review. Investors who cannot successfully complete KYC verification will be unable to open an account or participate in CRT offerings and trading.

GigaStar takes data security seriously and implements safeguards to protect the personal information collected during the KYC process. The information gathered is used solely for regulatory compliance and identity verification purposes.

Investors should be prepared to complete KYC before their first investment. Having identification documents readily available can help streamline the process and ensure timely access to the platform.