GigaStar Review 2026: What You Get When You Buy a Share of a YouTube Channel
GigaStar sells retail investors a fixed share of one YouTube channel's monthly ad revenue, packaged as Revenue Sharing Units in a Wyoming LLC formed for that creator, for $15 to $146 a unit. Forty-six offerings have filed since April 2023, the annual reports show $1.19 million of channel revenue reaching those LLCs through 2025, and more than half of it came from one creator. The filings state a fee stack the marketing never does: 10% of every raise to the portal and 8% of every distribution to an affiliate, and the parent's auditor has raised substantial doubt about its ability to continue as a going concern.
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What the data actually shows - TL;DR
GigaStar is the most developed creator-revenue platform AltStreet has reviewed and the disclosure in its filings is good: each Form C states the exact percentage of Net YouTube Revenue an RSU carries, illustrates the return at trailing revenue, and writes out the affiliate conflict in its own words. The product pays.
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Channel revenue reaching the issuer LLCs totaled $1.19 million across FY2023 to FY2025 by their own annual reports, which reconciles to the company's '$1.17 million distributed' claim once the 8% service fee is deducted, and monthly USDC distributions have run for three years. Four things the marketing does not say decide whether it is worth buying. The fee stack: 10% of every raise goes to the portal, 8% of every distribution to GigaStar Technologies, 2.5% to each side of every secondary trade, and $5 plus payment-rail charges on every purchase.
The concentration: three ClearValue Tax vehicles produced 53.6% of all FY2025 revenue, 11 of 31 reporting issuers earned under $2,000, and every Revenue Sharing Agreement lets the units 'cease to exist' if aggregate distributions fall under $100 a month for six months, a line that four full-year issuers' FY2025 revenue, spread evenly across the year, would already fall below. The record: not one of 37 completed offerings has filed the Form C-U that Rule 203(a)(3) requires, so the amount raised on any of them is whatever GigaStar says it is. And the parent: Creator Networks, Inc. lost $3.17 million on $548,790 of revenue in 2025, carries an $8.7 million accumulated deficit, and its sole-practitioner auditor's opinion includes a going-concern paragraph while it raises again from retail at a $58 million valuation.
The two fees that matter and that the marketing site omits. The Form C cover states that 'the Portal will receive a fee equal to ten percent (10%) of the amount raised in the offering'; the distribution arithmetic in every Form C deducts 'the 8% service fee' from each unit's share before it reaches the investor, paid to GigaStar Technologies LLC. gigastarmarket.io tells creators they receive their payout 'minus GigaStar fees' and tells investors nothing.
The share of all FY2025 revenue reaching the issuer LLCs that came from ClearValue Tax's three vehicles ($366,624 of $683,510), per the Form C-AR annual reports. The top five vehicles produced 75%. Eleven of the 31 issuers that reported earned less than $2,000 for the year.
Completed offerings with a Form C-U on file. Rule 227.203(a)(3) requires a progress update reporting the total sold within five business days after the deadline, even when the portal shows live progress. Across three and a half years none has been filed, so the only per-offering raise figures are GigaStar's own statements, such as ClearValue Tax's '$1.87M across 3 fully sold-out drops'.
The FY2025 net yield on GigaStar's first offering. ClearValue Tax Channel Drop LLC sold 10% of the channel's Net YouTube Revenue as 4,000 units at $15, a $60,000 maximum that the company says sold out; the LLC then reported $78,410 of revenue in 2024 and $73,619 in 2025, or $67,730 net of the 8% fee on $60,000 invested. The Form C itself illustrated a 92% ROI. The platform's first drop was priced at about one year of the revenue it sold, and it accounts for a large part of the distribution record.
Creator Networks, Inc.'s FY2025 net loss, on $548,790 of net sales, $2,707,691 of cash and 15 employees. Terrence R. Gray, CPA's April 24, 2026 opinion is unmodified and carries a Substantial Doubt About the Company's Ability to Continue as a Going Concern paragraph. The company is selling preferred stock to retail on Wefunder at $3.515 a share, a $58 million pre-money valuation, with a new Form C filed August 11, 2026 and amended September 21.
Issuer revenue is the 'revenue' field each Channel Drop LLC reports on its Form C-AR, which under the Revenue Sharing Agreement is the Net YouTube Revenue share the paying agent received for that offering; investors receive it less the 8% service fee. Amounts raised are company statements unless a filing states them; the Double Toasted 2nd Form C is the one filing that discloses a prior raise ($71,082). Yields are computed only where the raise is filed (five prior-drop disclosures) or company-stated as sold out at the maximum (two). Company-reported figures ($6.6M to $7M raised, 28,800 to 30,000+ accounts, $1.2M to $1.5M+ distributed) are labeled as such.
Quick Verdict
Is this platform right for you?
GigaStar has built something that works mechanically: a registered portal, a registered venue, a paying agent, three years of monthly payments that match the filings, and Form Cs that tell you exactly what a unit is. What it has not built is a book that justifies the aggregate numbers it advertises, or a fee disclosure that survives contact with its own marketing. If considering GigaStar, evaluate the specific channel from its Form C rather than the platform totals, size the position as you would a fan subscription, subtract 8% from the illustrated return, and accept that the only exit is an affiliated market that has been trading since late July 2026.
Best for
- Fans of a specific creator who want a small, visible monthly stake and will read that offering's Form C.
- Income investors willing to spread a small allocation across several channels chosen on trailing revenue and offering percentage, as one slice of a portfolio.
Avoid if
- You need the amount raised, the distribution history or the trading volume on the record rather than on the company's word.
- You will not run a Polygon wallet or track USDC receipts.
- You want category exposure rather than one channel.
- You are relying on the site's revenue-share range or the press release's 'monthly' figure rather than the Form C and the annual reports.
Top strengths
- Form Cs that state the exact per-unit percentage, the portal fee and the service fee, illustrate the return at trailing revenue and write out the affiliate conflict.
- A three-year distribution record that reconciles to the annual reports: $1,194,049 of issuer revenue FY2023 to FY2025.
- A real SEC-registered digital asset securities ATS, with a PCAOB-audited broker-dealer above its minimum net capital.
- Monthly channel revenue visible to holders on the Portfolio app and reported annually on EDGAR.
- No enforcement action, disclosure event or suit located against any entity or principal.
Key limitations
- 10% of every raise and 8% of every distribution to affiliates, unstated on the marketing site.
- More than half of last year's distributions came from one creator; a third of reporting issuers earned under $2,000.
- No Form C-U on any of 37 completed offerings; the raise figures are GigaStar's.
- An extinction clause that can zero small offerings, with four full-year issuers averaging below its threshold in FY2025.
- A parent with a $3.17 million loss, a going-concern paragraph and a $58 million retail valuation.
- A Form CRS that names the wrong affiliate as the funding portal and withdrew fees it had disclosed two months earlier.
- An affiliate of GigaStar buying 8,500 units of the live Craftee offering at a 20% discount to the retail price, a commitment that appears to account for almost all of the amount the site shows as raised.
Compare Before Deciding
Where GigaStar fits against alternatives
Use these hooks to pressure-test whether this is the right platform, or whether a nearby alternative matches the job better.
How this compares to Finlete Review
Finlete Review
The other Reg CF single-name revenue-share platform AltStreet covers, with one completed cycle that ended in a write-off; GigaStar's distributions actually flow.
How this compares to Royalty Exchange Review
Royalty Exchange Review
Existing royalty income sold at an auction-set multiple, the contrast case for how a revenue stream gets priced.
How this compares to Republic Review
Republic Review
A general Reg CF portal, for comparing a multi-issuer marketplace with a portal that screens, administers and intermediates every offering itself.
Quick Answers
What most investors want to know first
The highest-signal facts first: minimums, liquidity reality, K-1 timing, and whether distributions are actually part of the experience.
Liquidity
A registered venue exists, which is more than any comparable platform offers; it was approved in April 2025 but has had active trading only since late July 2026, and it is affiliated, fee-heavy and thin. Treat the ability to sell as possible rather than reliable, and the price as unknown.
K-1 Timing
Not applicable. Holders receive a Form 1099 for ordinary income per GigaStar's guidance; no Schedule K-1 is issued.
Distributions
Not fixed to a calendar day in the filings; follows YouTube's monthly payment cycle. Amounts under $0.50 per investor are not paid and do not accrue.
Overview
Platform Overview
A concise read on what the platform is, how the structure works, and where the practical friction shows up for real investors.
Creator Networks, Inc. (Delaware, incorporated February 17, 2022, dba GigaStar, CIK 0001930007) owns four subsidiaries: GigaStar Portal LLC (dba GigaStar Market), a FINRA-member Regulation Crowdfunding funding portal (SEC file 7-376, CIK 0001935609) that intermediates every offering; GigaStar Technologies LLC, which mints the Channel Revenue Tokens on its Vault smart contracts (ERC-1155 on Polygon) and collects an 8% service fee on distributions; GigaStar Securities LLC (dba GigaStar Trading, CRD 328312), an SEC-registered broker-dealer operating a digital asset securities alternative trading system approved April 8, 2025; and GigaStar Solutions LLC, the holding entity above the broker-dealer. A YouTube creator who passes the listing screen (12 months of revenue, at least $30,000 of trailing-12-month YouTube revenue, roughly 25,000 subscribers, a Reg CF bad-actor check) forms a Wyoming LLC named '<Creator> Channel Drop LLC' with one employee and no assets, which sells Revenue Sharing Units under a Revenue Sharing Agreement through the portal. Each unit carries a fixed percentage of the channel's Net YouTube Revenue, defined as gross YouTube revenue (AdSense, Super Chats, memberships and other in-platform revenue; brand deals are excluded) less any multi-channel-network fee, for the life of the channel or, since January 2025, an optional three- or five-year term.
Units are sold in tiers represented by tokens: a Gold CRT is one unit, Platinum four, Diamond sixteen. After closing, North Capital Private Securities Corporation acts as escrow facilitator and paying agent, receiving the channel's YouTube revenue each month, converting the investor share to USDC and paying it on-chain to each holder's linked wallet. After the one-year Reg CF holding period the issuer may convert the tokens into digital securities and list them on GigaStar Trading, where the affiliate charges 2.5% to each side.
The creator receives the offering proceeds less the portal's 10% fee. The company reports 30,000+ investor accounts, $6.6 million to $7 million raised across 37 offerings, and $1.5 million or more of cumulative distributions as of September 2026.
Forty-five more Channel Drop issuers have filed since, seven in 2023, sixteen in 2024, thirteen in 2025 and ten in 2026 through September 14, all Wyoming LLCs with one employee and no assets, all intermediated by GigaStar Portal LLC, all selling Revenue Sharing Units in Gold, Platinum and Diamond token tiers. The WealthBlock feed behind the investing site lists 39 of them, 37 tagged Funded and two live at the review date (Craftee, up to 40% of the channel for a $1,679,000 Reg CF maximum per its Form C, which the feed shows at $2,680,000 with $1,003,000 raised, a figure that an affiliate of GigaStar's agreement to buy 8,500 units at a 20% discount appears to explain almost entirely; Double Toasted 2nd, up to 10% for $130,000). Unit prices have risen from $15 to $146, the sum of funding goals on the funded set is $2.30 million and the sum of maximums $9.14 million, and the company says $6.6 million to $7 million has been raised. What the filings establish is narrower and more useful: the LLCs received $1,194,049 of channel revenue through FY2025, more than half of it on three ClearValue Tax vehicles, monthly distributions have paid since 2023, a secondary market exists and is young, the fees are 10% at the raise and 8% on every payout, and the company behind all of it lost $3.17 million last year with a going-concern paragraph on its accounts.
Founded & Structure
Creator Networks, Inc. (Delaware, incorporated February 17, 2022; CIK 0001930007; Chicago, Illinois) dba GigaStar. Wholly owned subsidiaries: GigaStar Portal LLC dba GigaStar Market (funding portal, formed June 13, 2022, SEC file 7-376, CIK 0001935609); GigaStar Technologies LLC (smart contracts and token administration); GigaStar Solutions LLC (holding); GigaStar Securities LLC dba GigaStar Trading (Wyoming, formed September 1, 2023; broker-dealer and digital ATS, CRD 328312, SEC 8-71184, approved April 8, 2025). Hazem Dawani is founder and chief executive and the portal's control person; Mohammed Asfour is chief operating officer, Kenneth Yong director of finance, Victor Glava chief technology officer (from January 2024), David Lee Hunt chief executive and chief compliance officer of GigaStar Securities (from December 2025). Fifteen employees at December 31, 2025.
Platform Scale
Filed: 46 Channel Drop issuers since April 2023, 118 Reg CF filings, 58 annual reports; issuer revenue $77,636 (FY2023), $432,903 (FY2024), $683,510 (FY2025). WealthBlock feed: 39 offerings, 37 Funded, 2 live; funded-set goals $2,297,949 and maximums $9,135,842. Company-reported: $6.6 million to $7 million raised, 37 offerings, 28,800+ investor accounts (March 2026) rising to 30,000+ (September 2026), $1.17 million distributed (March 2026) rising to $1.5 million+, 1,000+ trading accounts and $100,000+ cleared on GigaStar Trading since late July 2026.
Fee Structure
Portal fee 10% of the amount raised, paid out of the creator's proceeds (Form C cover). Service fee 8% of every distribution, to GigaStar Technologies LLC (Form C distribution calculation). Secondary trading 2.5% from the buyer and 2.5% from the seller per trade, with the broker-dealer paying the parent $1.00 per trade (Form CRS September 2026; Form C). Investor payment fees: $5 application fee per transaction, 4.9% on credit and debit cards (limited to $5,000), $3 per ACH transaction (limited to $11,000), 2% on USDC via Polygon, all non-refundable; USDC refunds by wire cost $25 domestic or $45 international (WealthBlock checkout terms). Off-chain payment of distributions incurs further wire, ACH and paying-agent fees.
Investor Terms
Revenue Sharing Units in a Wyoming LLC, represented by Channel Revenue Tokens: Gold one unit, Platinum four, Diamond sixteen. Unit prices $15 to $146 across the 46 offerings; $65 on the live Double Toasted 2nd drop and $146 on Craftee. Each unit carries a fixed percentage of the channel's Net YouTube Revenue for the life of the channel, or a three- or five-year term if the creator chose one (offered since January 21, 2025). Distributions monthly in USDC to a linked wallet. No distribution in a month under $0.50 per investor; units cease to exist if aggregate distributions on the offering are under $100 a month for six consecutive months. Reg CF one-year holding period, then conversion and listing on GigaStar Trading at the issuer's election. Non-accredited investors permitted subject to Reg CF limits.
Audit & Compliance
Parent audited by Terrence R. Gray, CPA (Georgetown, Texas), unmodified opinion dated April 24, 2026 with a Substantial Doubt About the Company's Ability to Continue as a Going Concern paragraph. Broker-dealer audited by Nawrocki Smith LLP (Hauppauge, New York, PCAOB-registered), unmodified opinion dated September 8, 2026; regulatory net capital $304,674 against a $250,000 minimum. Issuer LLCs file Form C-AR at the review or unaudited level Reg CF permits at their size. No Form C-U on file for any offering. AltStreet's legal and enforcement scan found no action against any GigaStar entity or principal.
Investor Operations
The practical questions investors actually care about: when tax documents arrive, how cash distributions work, and whether capital can be exited before the underlying asset is sold.
Tax Documents
K-1 Timing
What to expect
Not applicable. Holders receive a Form 1099 for ordinary income per GigaStar's guidance; no Schedule K-1 is issued.
Cash Flow
Distributions
Frequency
Monthly, after YouTube pays the channel's revenue to the paying agent.
Timing
Not fixed to a calendar day in the filings; follows YouTube's monthly payment cycle. Amounts under $0.50 per investor are not paid and do not accrue.
Consistency
Three years of monthly distributions across the book by the company's account and the annual reports: issuer revenue of $77,636 (FY2023), $432,903 (FY2024) and $683,510 (FY2025), $1,194,049 in total, $1,098,525 net of the 8% fee. Highly concentrated: 53.6% of FY2025 revenue on three ClearValue Tax vehicles, 11 of 31 reporting issuers under $2,000, and four full-year issuers whose FY2025 averages sit below the extinction threshold.
Liquidity
Exit Reality
Holding period
Reg CF resale restrictions for one year, then conversion to digital securities at the issuer's election and listing on GigaStar Trading. No maturity on lifetime units; three- or five-year units expire.
Exit options
- GigaStar Trading, the affiliated SEC-registered ATS: live since late July 2026 for converted offerings, 2.5% each side, order book with market and limit orders, company-reported $100,000+ of cumulative volume.
- No redemption or repurchase right. Nothing obliges the issuer, the creator or GigaStar to buy a holder out.
- A private transfer after the one-year restriction, with no disclosed mechanism outside the ATS.
- Expiry at term for three- and five-year units; extinction under the $100-a-month clause for any unit.
Secondary market
A registered venue exists, which is more than any comparable platform offers; it was approved in April 2025 but has had active trading only since late July 2026, and it is affiliated, fee-heavy and thin. Treat the ability to sell as possible rather than reliable, and the price as unknown.
Investment Structures
Channel Drop (lifetime revenue share)
The standard product since 2023. A Wyoming LLC formed for the offering sells Revenue Sharing Units, each carrying a fixed percentage of the channel's Net YouTube Revenue calculated as the percentage offered divided by the maximum number of units, so the per-unit share does not change with how many units sell. Recent filings: ClearValue Tax 3rd, 20% across 8,000 units at $136 (0.0025% per unit); Double Toasted 2nd, up to 10% across 2,000 units at $65 (0.0050% per unit); Craftee, the creator retaining 60%.
Distributions monthly in USDC after the 8% service fee, for as long as the channel generates revenue, subject to the $0.50 and $100-a-month floors. Sold in Gold (1 unit), Platinum (4) and Diamond (16) tiers with creator perks such as Discord access attached. Pricing is set by the creator with GigaStar as a stated multiple of the channel's annualized trailing Net YouTube Revenue, with no third-party valuation: 1x on the April 2023 first drop, about 4x to 9x on the 2024 to 2026 offerings (5.00x Craftee, 6.30x Double Toasted 2nd, 9.00x Mr. Hand Pay 2nd), which the Form C converts into an illustrated first-year return of 7.1% to 23.1% across the 46 offerings, median 13.0%.
Fixed-term Channel Drop (3-year or 5-year)
Introduced January 21, 2025 'as an alternative to loans'. Identical mechanics, but revenue sharing ends and the tokens expire at the end of the term, so a five-year unit is tradable for four years after the one-year hold and a three-year unit for two. None of the 46 Form Cs on file carries a fixed term: twenty months after the option was announced, every offering GigaStar has filed is a lifetime revenue share.
Digital security CRTs on GigaStar Trading
After the one-year Reg CF hold the issuer may exchange the units and tokens for digital securities 'having the same rights, designations and preferences' and list them on the affiliated ATS. Holders with a linked wallet are converted automatically; holders without one keep receiving distributions but cannot trade until they link. The first Double Toasted drop's tokens became eligible July 4, 2025 and 'active trading commenced in late July 2026', a year later. Trades cost 2.5% each side; the Form C warns 'there can be no assurance that such listing will be approved or that a liquid trading market will develop'.
Parent-level preferred stock (a different security)
Creator Networks, Inc. sells its own Series A preferred stock to retail through Wefunder under Regulation CF at $3.515 a share and a $58,000,000 pre-money valuation: $3,933,775 gross in 2025, and a new Form C filed August 11, 2026 for up to $1,200,000, amended September 21. This is equity in the loss-making operator, not a claim on any channel, and its financial statements carry the going-concern paragraph. Buying a Channel Drop gives no exposure to it and vice versa.
Risk
Risk Structure
This is where the marketplace pitch gives way to the actual operating reality: delayed exits, limited disclosure, fee drag, and path-dependent outcomes.
Single-channel, single-platform dependence
Each unit is a claim on one creator's YouTube revenue and nothing else. Demonetization, a policy change, an algorithm change, a creator who stops uploading, or a channel sold or terminated ends or reduces the stream, and the Form C gives the creator broad discretion over all of it. The revenue base is also narrower than 'channel revenue': brand deals, merchandise and off-platform income are excluded by definition.
Two fees that compound
10% of the raise leaves before the creator is funded and 8% of every distribution leaves before the investor is paid, so on a unit priced at ten times its expected annual payout the effective first-year yield is 92% of the headline figure and the creator received 90 cents of each dollar. Neither figure appears on the pages that sell the product.
The extinction clause
Every Revenue Sharing Agreement read provides that the units 'will cease to exist' if aggregate distributions are under $100 a month for six consecutive months, that no distribution is made in any month an investor's share is under $0.50, and that such amounts do not carry over. A small offering on a declining channel can therefore terminate with no residual value. At FY2025 revenue, Violetta Alexis ($414), James Pelton 2nd ($640), Shluv Family ($1,084) and James Pelton 1st ($1,228) reported less than the roughly $1,304 of annual LLC revenue that, spread evenly, clears the floor, and Rossinni, Hubert Lee, Moxy Approved, Quick Cuts V2 and Daru Strong were within twice it. An annual figure cannot establish six consecutive months, and no filing says whether the clause has been invoked.
Concentration in the platform's own record
ClearValue Tax's three vehicles produced 53.6% of FY2025 issuer revenue and the top five 75%. The platform's aggregate distribution figure is accurate and it is mostly one creator. An investor in a typical offering should look at the median, not the total: the median reporting issuer received $3,948 in FY2025.
The operator is going-concern flagged and raising
Creator Networks, Inc. lost $3,167,391 in 2025 on $548,790 of revenue, burned $2,300,542 in operations plus $843,321 of capitalized development, and held $2,707,691 of cash at year end, under a year of runway at that rate. Its auditor's opinion includes a substantial-doubt paragraph. The portal, the smart contracts and the trading venue depend on the group continuing; North Capital, the paying agent, is independent of it. The Form C's answer to a portal failure is that the LLC and the paying agent continue, which is true of the cash flow and untested for the tokens and the market.
No filed raise figures
Zero Form C-U filings across 37 completed offerings means an investor cannot verify on EDGAR how much any offering sold, how many investors hold it, or what its 'Funded' tag represents. The five filed data points, each a later drop's Form C disclosing what the earlier one sold, show the tag covering the whole range: 100% of the maximum (ClearValue Tax 1st, 19XX 1st), 97.7% (Tony Gaskins 1st), 63.5% (Word On The Street 1st) and 26.9% (Double Toasted 1st, $71,082 of $264,000).
Affiliated venue, affiliated conflict, acknowledged
The only market for the tokens is run by a sister company that charges 5% per round trip and pays the parent per trade, the token administrator that collects the 8% fee is named in the Form CRS as a possible liquidity provider on that market, and the Form C states that no independent party has reviewed the affiliate relationships for fairness. The disclosure is candid; the conflict is structural.
Crypto rails for a non-crypto product
Distributions are USDC on Polygon to a wallet the investor must link and manage; unlinked holders' funds sit in the smart contract; off-chain payment costs extra. Card purchases are capped at $5,000, USDC purchases need POL for gas, and the Form CRS notes that third-party custody, payment and settlement charges are separate from GigaStar's own fees.
ASRisk signals to watch
- Whether any issuer files a Form C-U, or GigaStar publishes per-offering closing totals.
- FY2026 Form C-AR revenue on the 2023 and 2024 cohorts: seven of twenty two-year issuers declined in FY2025, including the two largest early drops.
- The first disclosure that the $100-a-month extinction clause has been invoked.
- The parent's FY2026 audit opinion and cash position, and whether the Wefunder raise fills; the going-concern paragraph and the $58 million valuation sit awkwardly together.
- GigaStar Trading volumes, spreads and the number of converted offerings, none of which is published per offering.
- Any Form CRS correction of the affiliate misidentification, and any further fee changes on the ATS.
- The first offering to use a three- or five-year term, which none of the 46 filed so far does, and which changes what a unit is worth at expiry.
- YouTube policy changes affecting monetization for the channels in the book, which no filing can anticipate.
Regulatory & Legal Posture
Security Status
Securities offered under the Regulation Crowdfunding exemption. Each Revenue Sharing Unit is sold under Section 4(a)(6) on Form C by a Wyoming LLC through GigaStar Portal LLC, a registered funding portal. The Channel Revenue Token is, in the Form C's own words, 'a digital representation of the underlying RSUs' and is not itself a security until converted to a digital security for ATS listing.
Every offering files Form C and annual Form C-AR through the portal; the portal is on FINRA's funding-portal list under SEC file 7-376; GigaStar Securities LLC is a FINRA and SIPC member broker-dealer with an SEC-registered ATS for digital asset securities. The parent files its own Form C and Form D for its capital raises. What investors do not get is the review that registration would bring, or the progress updates that Reg CF itself requires and no GigaStar issuer has filed.
- Regulation CF caps what a non-accredited investor may invest across all Reg CF offerings in a rolling 12-month period, and the portal's investment-limit calculator applies it.
- Rule 227.203(a)(3) requires each issuer to file a Form C-U reporting the total sold within five business days after the offering deadline, even where the portal displays progress. None of the 46 GigaStar issuers has filed one.
- Fifty-eight Form C-AR annual reports have been filed by 46 issuers, with revenue and cash reported each year; issuers at these sizes may file reviewed or unaudited statements.
- GigaStar Securities' first Form X-17A-5 was filed September 14, 2026 for the fiscal year ended June 30, 2026; only the statement of financial condition is public.
Disclosure Quality
Good in the filings, incomplete at the point of sale. The Form C states the per-unit percentage, the portal fee, the service fee, the illustrated return, the extinction clause, the affiliate conflict and the fact that no one has reviewed it for fairness. The marketing site states none of the fees, describes the revenue share three different ways across its properties, and describes cumulative distributions as monthly in a press release. The Form CRS names the wrong affiliate as the funding portal.
Custody Model
Investor funds in a raise are held by North Capital Private Securities Corporation as escrow facilitator, not by GigaStar. After closing the investor holds units in the issuer LLC, represented by tokens in the investor's own wallet or held in the smart contract until a wallet is linked. Monthly revenue flows from YouTube to North Capital as paying agent, which converts the investor share to USDC and pays it on-chain; GigaStar Technologies operates the contract and takes its 8% there. GigaStar Securities does not hold customer funds or securities and customers of the ATS must open an account with an approved custodian.
Regulatory Backing
Regulation CF disclosure obligations on each issuer and portal conduct obligations on GigaStar Market; broker-dealer net capital and FINRA membership on GigaStar Securities; Regulation ATS on the trading system. SIPC membership covers the broker-dealer's customer accounts, not the tokens or the revenue stream. There is no FDIC insurance and no guarantee of any distribution. AltStreet's legal and enforcement scan located no action against any GigaStar entity or principal.
Tax Treatment
Reporting
Form 1099
The Form C describes the issuer as a disregarded entity that files no return, and GigaStar characterizes the unit for tax reporting as a revenue-sharing contract rather than a partnership interest, so it issues no Schedule K-1. GigaStar's hub states that investors receive 'Form 1099: annual tax documentation for reporting your CRT income' and that 'distributions are generally treated as ordinary income'. The Form C itself makes no tax representation beyond directing investors to their own advisers and warning that foreign investors may face U.S. withholding.
Income Character
Ordinary income from a revenue-sharing contract
GigaStar characterizes distributions as a contractual share of the channel's net YouTube revenue rather than dividends or interest, and its guidance is that they are ordinary income at the holder's marginal rate. Because they arrive as USDC, the holder also acquires a stablecoin position with its own basis, and any later conversion or sale of the USDC, or any sale of tokens on GigaStar Trading, is a separate taxable event. The hub notes that 'the IRS has not issued guidance specifically addressing CRT securities'.
Limitation
No depreciation, depletion or qualified-dividend treatment applies. A three- or five-year unit may raise the question of whether early distributions are partly a return of capital; the filings do not address it. The 8% service fee is deducted before the distribution is paid, so the holder's reportable amount should be the net figure, which the filings do not state explicitly either.
Special Considerations
- Every monthly distribution is a small USDC receipt; over a year that is twelve lots per offering with their own basis and date, and a sale of USDC or of tokens on the ATS adds capital-gain events on top of the ordinary income.
- Withholding may apply to non-U.S. holders, per the Form C.
- Holders who never link a wallet accrue distributions inside the smart contract; when and how those are taxable is not addressed by the filings.
- AltStreet is not a tax adviser and the filings contain no tax opinion. Confirm the character and timing of distributions with your own adviser.
Account Suitability
Taxable
Workable and the natural home: ordinary-income distributions on a 1099, no K-1 wait, no state partnership filings. The administrative cost is tracking USDC receipts and any on-chain movements.
Roth IRA
Impractical. The product pays in USDC to a self-custodied wallet the investor links, which most IRA custodians will not hold, and a self-directed custodian's annual fee would consume a large share of a typical position's distributions.
Traditional IRA
Same obstacle as the Roth: the on-chain payment rail and wallet linkage do not fit a custodial account, and a perpetual instrument with no redemption right cannot be sold to meet a required minimum distribution.
HSA
Not appropriate. An HSA should hold liquid assets against near-term medical costs; this is a single-channel revenue claim with a one-year lock and a thin market.
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AltStreet Data Layer
What the data actually shows
Forty-six issuers and 118 filings reconciled against the WealthBlock feed and 58 annual reports. The pattern is a platform whose aggregate is honest and whose distribution is skewed: the money reaching investors is real, most of it comes from a handful of vehicles, and the record needed to price a typical offering, the amount it raised, is missing from EDGAR entirely.
The annual reports reconcile to the company's distribution total
Form C-AR revenue across all issuers sums to $77,636 (FY2023), $432,903 (FY2024) and $683,510 (FY2025), $1,194,049 in total and $1,098,525 after the 8% service fee, against '$1.17 million distributed' as of March 2026 and '$1.5 million+' as of September 2026.
What this means
The platform's headline number is the one figure in its marketing that the filings support. That matters because it is also the one an investor can keep checking, offering by offering, each April.
One creator produced more than half of last year's distributions
ClearValue Tax's three vehicles received $366,624 of $683,510 in FY2025 (53.6%); with Mr. Hand Pay's two the top five received $515,933 (75.5%). The median reporting issuer received $3,948 and eleven of thirty-one received under $2,000.
What this means
The platform total describes ClearValue Tax's channel more than it describes the book. Price a typical offering off its own Form C and its own channel, not off the aggregate.
No offering has ever filed a Form C-U
EDGAR full-text search returns zero Form C-U and zero Form C-TR filings for GigaStar Portal issuers from 2022 to date, across 37 offerings tagged Funded. Rule 227.203(a)(3) requires a final progress update within five business days of the deadline even when the portal shows progress.
What this means
Every current raise figure is a company statement. The five filed numbers, each disclosed in a later drop's Form C for the same creator's earlier one, show a Funded tag can mean anything from 27% of the maximum (Double Toasted 1st, $71,082 of $264,000) to 100% (ClearValue Tax 1st, 19XX 1st), with Tony Gaskins 1st at 97.7% and Word On The Street 1st at 63.5%.
The first offering was priced at about a year of its revenue
ClearValue Tax Channel Drop LLC sold 10% of the channel's net revenue for a $60,000 maximum in April 2023, illustrating a 92% ROI; the LLC then received $78,410 (FY2024) and $73,619 (FY2025), or 120% and 113% net of the fee on $60,000. The same channel's third drop a year later was priced to illustrate 10.20% and yielded 12.4% net in FY2025.
What this means
Early buyers of the platform's first drop got a return no later offering has approached, and that vehicle plus its two successors carry the aggregate record. Current offerings are priced for 10% to 15% at trailing revenue, before any decline.
Seven of twenty two-year issuers saw revenue fall in FY2025
Of the twenty issuers with reports for both FY2024 and FY2025, thirteen grew and seven declined, including ClearValue Tax 1st (-6%), ClearValue Tax 2nd (-6%), Savvy Finance (-19%), Gabriels (-13%), James Pelton (-16%), Shluv Family (-56%) and Violetta Alexis (-67%).
What this means
The Form Cs' hypothetical growth tables at 10% and 20% a year describe a minority of the book's older vehicles. Underwrite flat or falling revenue and treat growth as upside.
Four full-year issuers averaged below the extinction threshold in FY2025
At FY2025 revenue, Violetta Alexis ($414), James Pelton 2nd ($640), Shluv Family ($1,084) and James Pelton 1st ($1,228) reported less than the roughly $1,304 of annual LLC revenue that, distributed evenly, clears the $100-a-month aggregate floor after the 8% fee, and five more were within twice it. An annual figure cannot show six consecutive months; every Revenue Sharing Agreement read provides that the units cease to exist after six consecutive months under the floor.
What this means
Small offerings on small channels can terminate with no residual value, and the filings AltStreet holds do not say whether the clause has been invoked. Check the trailing revenue against the floor before buying a small drop.
The parent's revenue equals about what its top three channels earn
Creator Networks, Inc. reported $548,790 of FY2025 net sales, recognized as portal fees when campaigns end plus service and transaction fees, against $3,606,889 of operating expenses and a $3,167,391 net loss. Cash of $2,707,691 at year end followed a $4,602,735 stock raise, mostly from retail on Wefunder.
What this means
The portal, the token infrastructure and the trading venue depend on an operator that remains dependent on external capital; the paying agent, North Capital, is independent of it. The going-concern paragraph is the auditor's way of saying so.
Where the share sold is filed, four of five channels missed the creator's own year-one estimate
Dividing each LLC's FY2025 annual-report revenue by the share it actually sold gives the channel's revenue: ClearValue Tax 3rd ran 21% above its Form C's year-one estimate; Tony Gaskins 1st came in 23% below, Double Toasted 1st 15% below, 19XX 1st 9% below and Word On The Street 1st 43% below. Every 2026 circular sets the estimate at exactly trailing revenue plus 10%.
What this means
The illustrated return in a Form C is trailing revenue divided by the price; the estimate row above it is a formula, not a forecast. Underwrite the trailing figure and treat the estimate as the ceiling the creator chose to print.
Eleven channels were listed below GigaStar's own $30,000 revenue floor
GigaStar's listing criteria require '$30K minimum annual YouTube revenue over the last 12 months'. Of the 42 circulars that state trailing revenue, 11 show less: Rickey ($19,199), Officially Ronny ($20,000), Daru Strong ($20,446), Moxy Approved ($21,849), James Pelton 2nd ($22,086), Mr Organik ($23,000), Lighter Side of RC ($24,000), 19XX ($25,376), James Pelton ($25,614), Word On The Street 2nd ($27,500) and Thee Mademoiselle ($28,000).
What this means
The floor is a marketing statement, not a rule the filings show being applied. Small channels are also the ones nearest the $100-a-month extinction clause: four of these eleven averaged below it in FY2025.
An affiliate's discounted commitment appears to explain almost all of the live flagship's 'raised' figure
The Craftee Form C discloses that an affiliate of the Intermediary agreed to buy 8,500 additional units at 80% of the $146 offering price under Rule 506(b), about $992,600. The WealthBlock feed showed $1,003,000 raised on Craftee on September 22, 2026 against a $25,000 goal and a $1,679,000 Reg CF maximum. No other ingested circular contains the arrangement.
What this means
A progress bar that reads as retail demand can be mostly the platform's own affiliate's money, bought cheaper than the public price. Read the intermediary-interest line on the Form C cover before treating a raised figure as a signal.
Unit prices have risen tenfold while offering sizes spread
Unit prices ran $15 to $60 across the 2023 offerings and $65 to $146 across 2026's; funding goals range from $4,535 (19XX 2nd) to $345,000 (Mr. Hand Pay 2nd) and maximums from $18,139 to $1,679,000 (Craftee, live, per its Form C; the feed shows $2,680,000). The two live offerings at the review date were Craftee, whose $1,003,000 'raised' is almost entirely explained by an affiliate's discounted purchase, and Double Toasted 2nd at a $20,000 goal.
What this means
There is no standard GigaStar deal. The percentage, the price and the size are set per creator, and the only way to compare two drops is unit price divided by illustrated annual distribution, from each Form C.
Data as of 2026-09-22 . AltStreet review evidence layer . Public-source analysis
Full datasetDecision Fit
Investor Fit
Who this works for, who it does not, and what level of patience and complexity tolerance the platform really demands.
Fans of a specific creator buying a small stake for the involvement
This is the product GigaStar actually built, and for $65 plus $5 it delivers what it says: a monthly USDC payment tied to a channel you watch, a Discord badge, and a number you can check against the channel's public revenue each month. The Form C tells you the exact percentage. Treat the money as spent and the distributions as a bonus.
Income investors looking for yield
The FY2025 net yields on the large offerings whose raise is filed or company-stated ran 7.8% to 18.8%, and the recent Form Cs illustrate 10% to 15% at trailing revenue. Those are real, single-channel, undiversified, taxed as ordinary income, and paid after an 8% fee on a stream that seven of twenty two-year issuers saw decline. It works only as a small allocation across several channels chosen from their Form Cs.
Investors seeking exposure to the creator economy as a category
Each unit is one channel. The platform's own record shows how uneven that is: one creator produced more than half of last year's distributions and a third of reporting issuers earned under $2,000. There is no pooled vehicle.
Anyone who may need the money back
One-year lock, then an affiliated market with active trading only since late July 2026, 5% round-trip fees and company-reported volume of about $100,000 in total. No redemption right, no maturity on lifetime units.
Investors who will not run a crypto wallet
Distributions are USDC on Polygon to a wallet you link and manage. Holders without one have their money held in the smart contract and pay extra to be paid off-chain. The product is not cryptocurrency; the plumbing is.
Tradeoffs
Key Tradeoffs
The attraction of pre-IPO access is real, but every benefit comes bundled with a corresponding liquidity, transparency, or pricing cost.
Disclosure
The marketing states none of the fees, describes the revenue share three different ways, and no offering has filed the Form C-U that would put its raise on the record.
Income
Half of it is one creator; the median reporting issuer received $3,948 in FY2025; an 8% fee comes off every payment.
Liquidity
Approved in April 2025 but trading only since late July 2026, affiliated, 2.5% each side, about $100,000 of cumulative volume, and only converted offerings list.
Alignment
The creator has broad discretion over the channel and nothing obliges continued output; the platform's fees are taken on raising and on paying, not on channels succeeding.
Operator
A parent losing $3.2 million a year on $549,000 of revenue, with a going-concern paragraph, selling its own stock to the same audience at a $58 million valuation.
Avoid
Who This Is Not For
This section should be read as a filter, not an afterthought. If you need income, simplicity, or near-term access to capital, the structure is working against you.
Anyone who expects the site's numbers to be the offering's numbers
The site says 10%-40%, the hub says 3-10%, and the Form C for your offering says one specific figure; the site never mentions the 10% portal fee or the 8% service fee.
Investors who need to know how much an offering raised
No Form C-U exists for any of the 46 issuers; 'Funded' means the minimum was reached; the five filed examples closed between 27% and 100% of their maximums.
Anyone building a diversified income position
Each unit is one channel, and the platform's own record is dominated by one creator.
Retirement accounts
USDC-on-Polygon distributions to a self-custodied wallet do not fit custodial accounts, and a perpetual instrument cannot be sold to meet a required minimum distribution.
Investors who cannot hold through a thin market
One-year lock, then an affiliated ATS with 5% round-trip fees and about $100,000 of cumulative volume.
Anyone treating the cumulative distribution figure as a run rate
The September 2026 press release's '$1.5M+ in monthly YouTube revenue distributed' is a cumulative total; all of FY2025's issuer revenue was $683,510.
Editorial View
AltStreet Perspective
The compressed version of the review: what matters, what marketing tends to obscure, and how we would frame the platform for a serious allocator.
Verdict
The best-documented product in a category with almost no track record, sold with the worst-documented fees. GigaStar's filings answer the questions its website avoids, and the answers are a 10% fee on the way in, an 8% fee on every payment, a record built largely on one channel priced in 2023 at a year of its revenue, and a parent that remains dependent on external capital. The distributions are real. The question is what is left after the fees and the concentration, and for a typical offering the honest answer is a few dollars a month per unit for as long as one person keeps uploading.
Positioning
Closest in mechanics to Finlete (Reg CF, single-name revenue share, small-firm audit, going-concern parent) and materially ahead of it: GigaStar's distributions actually flow, its record spans three years and 46 issuers, and it has a registered market. Closest in philosophy to Royalty Exchange, which auctions existing income streams at a multiple, except that GigaStar prices at the creator's chosen percentage and unit count rather than by auction, and takes its fee on both the raise and the stream. Not comparable to pooled royalty funds, because nothing here is pooled.
The Bottom Line
Real monthly income from one YouTube channel, disclosed precisely in the filing and charged 10% at the raise and 8% on distributions, on a platform whose record is one creator deep and whose parent is going-concern flagged.
Action
Next Steps
If you still want to engage after reading the review, these are the practical next moves that reduce avoidable mistakes.
Open the Form C for the specific offering and find two numbers: the percentage of Net YouTube Revenue per unit and the illustrated first-year ROI. Divide the ROI by 1.087 if the illustration is before the 8% fee; the recent Form Cs show both figures.
Find the stated pricing multiple and the channel's trailing-twelve-month Net YouTube Revenue in the same document; 0.92 divided by the multiple is the first-year return if revenue holds, and the Form C's growth tables are labeled hypothetical. Check the intermediary-interest line on the cover for any affiliate purchase at a discount.
Read the Revenue Sharing Agreement's termination language: the $0.50 monthly floor per investor and the $100-a-month aggregate floor after which the units cease to exist. Small offerings on small channels are exposed.
Check whether the offering is lifetime or a three- or five-year term, and what the units are worth at expiry (nothing).
Set up a Polygon wallet before closing so distributions are paid rather than held in the smart contract, and decide how you will account for monthly USDC receipts.
If you want the platform's aggregate record, read the Form C-AR annual reports for the issuers you are considering rather than the site's totals; the annual reports show the LLC's revenue for each year and the tail is long.
If what you want is diversified royalty income, read the Royalty Exchange review; if you want to understand the parent's finances before trusting the plumbing, read Creator Networks, Inc.'s FY2025 Form C-AR on EDGAR.
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Deal Intelligence →Appendix
Sources, Disclosures, and Supporting Context
The lower section is structured like a report appendix: relationship context first, adjacent reading second, and evidence last.
Report Appendix
Disclosure
Relationship and compensation context
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Report Appendix
Disclosure
Relationship and compensation context
Report Appendix
Comparison Guides
Head-to-head guides featuring GigaStar
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Report Appendix
Comparison Guides
Head-to-head guides featuring GigaStar
Report Appendix
Related Resources
Adjacent platform comparisons, frameworks, and category links
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Report Appendix
Related Resources
Adjacent platform comparisons, frameworks, and category links
Further Reading
Related Resources
Adjacent frameworks and reviews that help place the platform in a broader allocation or due-diligence context.
Explore Asset Class
Creator Revenue Share (YouTube Channel Net Revenue)Similar Platform Reviews
- Finlete Review
The other Reg CF single-name revenue-share platform AltStreet covers, with one completed cycle that ended in a write-off; GigaStar's distributions actually flow.
- Royalty Exchange Review
Existing royalty income sold at an auction-set multiple, the contrast case for how a revenue stream gets priced.
- Republic Review
A general Reg CF portal, for comparing a multi-issuer marketplace with a portal that screens, administers and intermediates every offering itself.
- tZERO Review
The most-licensed security-token trading venue on AltStreet's coverage, for calibrating what 'a registered ATS exists' has meant in practice.
Report Appendix
Evidence & Methodology
1,145 cited passages on file; sources, scope, and how the review was assembled
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Report Appendix
Evidence & Methodology
1,145 cited passages on file; sources, scope, and how the review was assembled
Evidence on file
1,145 supporting passages on file for GigaStar and its offerings from 44 source documents, 39 discrepancies flagged. Each passage records the metric it supports, the value read from the document, the page, and the verbatim text where the document has it. Terminal subscribers read the passages; open them in the terminal.
- Cited passages
- 1,145
- Source documents
- 44
- Analyst verified
- 0
- Discrepancies flagged
- 39
ASReview Evidence
Methodology
Issuers are identified from AltStreet's EDGAR ledger as Form C filers naming GigaStar Portal LLC as intermediary or carrying the 'Channel Drop LLC' name, 46 in total, and matched by name to the 39 offerings in the public WealthBlock feed behind invest.gigastarmarket.io. Revenue per issuer is the revenue field of each Form C-AR, which is the Net YouTube Revenue share the paying agent received for that offering; investors receive it less the 8% service fee. Sums by fiscal year count each issuer's most recent report for that year. Yields are computed only for the five raises disclosed in a later Form C (ClearValue Tax 1st $60,000, Tony Gaskins 1st $488,300, 19XX 1st $20,000, Word On The Street 1st $20,944, Double Toasted 1st $71,082) and the two the company states sold out at the maximum (ClearValue Tax 2nd $720,000 and 3rd $1,088,000), and are the LLC's revenue times 0.92 divided by the raise. Channel financials (trailing-twelve-month YouTube revenue, subscribers, the creator's year-one estimate, videos posted) are read from each circular's period table; implied channel revenue for a later year is the LLC's annual-report revenue divided by the share actually sold, which is possible only where that share is known. Fees, the extinction clause and the affiliate-ATS disclosure are quoted from the four Form Cs read in full; the pricing multiple, illustrated first-year return, revenue share and intermediary-interest line are extracted from all 46 circulars. Parent financials are read from the audited statements filed as page images with the FY2025 Form C-AR and cross-checked against the XML cover data. The extinction-threshold test uses $100 a month divided by 0.92, or about $1,304 of annual LLC revenue, applied to issuers with a full year of operation.
Scope
CIK 0001930007 (Creator Networks, Inc.), 0001935609 (GigaStar Portal LLC), 0002000647 (GigaStar Securities LLC) and 46 Channel Drop LLC issuer CIKs; 118 Reg CF filings 2023-04-06 to 2026-09-14; all 46 Form C offering circulars ingested, four read in full; the FY2025 Form C-AR of the parent with audited statements; the parent's five Form D filings and its Wefunder Form C, C/A and C-AR filings 2025-2026; Form X-17A-5 of 2026-09-14; Form CRS of September 2026; BrokerCheck CRD 328312; CFPORTAL/A of 2024-01-29; the WealthBlock feed of 2026-09-22; scrapes of gigastar.io, gigastarmarket.io and hub.gigastar.io of 2026-09-22.
Key Findings
- *Form C cover, every offering read: 'At the conclusion of the offering, the Portal will receive a fee equal to ten percent (10%) of the amount raised in the offering.'
- *Form C distribution calculation (ClearValue Tax 3rd): 'each RSU is entitled to 0.0025% of the NYR (20% divided by 8,000), less the 8% service fee... Each RSU would be entitled to receive $15.08, before deduction of the 8% service fee. After deducting the fee, each RSU would be entitled to $13.87 in Distributions for the year, representing an ROI of 10.20%.'
- *Form C administration section: the paying agent distributes 'to the CRT holders through the blockchain, to GigaStar Technologies LLC for its fees, and to the Creator'.
- *Net YouTube Revenue: 'the gross amount of Channel's YouTube Revenue less the MCN Fee'; 'If an MCN is used, it is expected the MCN fee would be 10% of the Channel's YouTube Revenue.'
- *All 46 circulars: the 8% service fee, the 10% portal fee and the $100-for-six-months extinction clause appear in every one; the per-investor monthly floor is $0.50 in 43 and $0.20 in three 2023 offerings; no circular carries a three- or five-year term; only Craftee discloses an affiliate purchase.
- *Extinction clause, 2023 through 2026 templates: 'no Distribution will be made for any month in which the Distribution is less than $0.50 (and such amount will not carry over to the next Distribution). Additionally, no Distributions will be made on the RSUs, and the RSUs will cease to exist, if the aggregate Distribution amount for all the RSUs sold in this Offering is less than $100 per month for six consecutive months.'
- *Craftee Form C cover, August 19, 2026: 'An affiliate of the Intermediary has agreed to purchase 8,500 additional Revenue Sharing Units... at a price per RSU equal to 80% the Offering price (a 20% discount). The Additional RSUs will be offered and sold in a transaction exempt from registration under the Securities Act pursuant to Regulation D, Rule 506(b).' Maximum Offering Amount $1,679,000; illustrated ROI 18.32%; offering price 'a multiple of approximately 5.00 times the annualized Net YouTube Revenue of the Channel'.
- *Double Toasted 2nd Form C: 'GigaStar Securities LLC earns a 5% commission on each trade executed on the DATS (2.5% from the buyer and 2.5% from the seller). In addition, GigaStar Securities LLC pays Creator Networks, Inc. $1.00 per trade pursuant to an expense-sharing agreement... No independent third party has reviewed these affiliate relationships for fairness to investors.'
- *Double Toasted 2nd Form C: the prior offering 'sold... an aggregate of $71,082 of RSUs in that offering representing 5.4% of the Channel's Net YouTube Revenue'; that offering's Form C carried a $66,000 minimum and $264,000 maximum and the WealthBlock feed tags it Funded. The same disclosure in four other second-drop Form Cs: ClearValue Tax 1st sold $60,000 (10%), Tony Gaskins 1st $488,300 (19.53%), 19XX 1st $20,000 (20%), Word On The Street 1st $20,944 (19.04%).
- *Period table in each circular (channel trailing-twelve-month YouTube revenue, subscribers, creator's estimate for the first year after closing): 42 of 46 state trailing revenue, from $19,199 (Rickey) to $1,530,000 (Mr. Hand Pay 2nd), median $115,600; 11 of the 42 were below the $30,000 annual YouTube revenue that GigaStar's listing criteria require. 35 state a year-one estimate against trailing revenue: every 2026 circular and most 2025 ones set it at exactly 10% above trailing; 2024 circulars range from flat to +62% (Hubert Lee).
- *Estimate against outcome, where the share sold is filed: implied FY2025 channel revenue (LLC annual-report revenue divided by the share sold) beat the creator's year-one estimate on ClearValue Tax 3rd (+21%) and fell short on Tony Gaskins 1st (-23%), Double Toasted 1st (-15%), 19XX 1st (-9%) and Word On The Street 1st (-43%); ClearValue Tax's channel ran 27% above its 2023 trailing revenue in FY2025.
- *Double Toasted 2nd Form C: CRTs from the prior offering 'became eligible for trading on the DATS on July 4, 2025, and active trading commenced in late July 2026'.
- *Pricing formula, every Form C: 'The Offering price of the RSUs was determined using a formula based on a multiple of approximately X times the annualized Net YouTube Revenue of the Channel... No third-party valuation was obtained.' Stated multiples read from the circulars: 1 (ClearValue Tax 1st, April 2023, on the last three months), 4.00 to 9.04 on the 2024 to 2026 offerings; implied multiples from the illustrated returns across all 46 run 1.0x to 13.0x, median 7.0x.
- *Form C-AR revenue by fiscal year (issuers reporting): FY2023 $77,636 (6), FY2024 $432,903 (20), FY2025 $683,510 (31). FY2025 by vehicle: ClearValue Tax 2nd $146,943, ClearValue Tax 3rd $146,062, Mr. Hand Pay $92,115, ClearValue Tax 1st $73,619, Mr. Hand Pay 2nd $56,198, Tony Gaskins $41,452, Let's Talk Money 2nd $21,912, Let's Talk Money $18,463, Savvy Finance $12,705, Stock Moe $11,328, Steve Hofstetter $10,098, Double Toasted $8,558, Gabriels $5,995, 19XX $4,714, Other Side NDE $4,463, Thee Mademoiselle $4,124, Word On The Street $3,772, Jelle's Marble Runs $2,909, Let's Talk Money 3rd $2,877, Officially Ronny $2,824, Daru Strong $1,960, Quick Cuts V2 $1,710, Moxy Approved $1,516, Hubert Lee $1,492, Rossinni $1,361, James Pelton $1,228, Shluv Family $1,084, RCDriftTok $684, James Pelton 2nd $640, Violetta Alexis $414, Big Payback $290.
- *Revenue trend, issuers with three reports: ClearValue Tax 1st $39,729 / $78,410 / $73,619; ClearValue Tax 2nd $30,095 / $156,506 / $146,943; Let's Talk Money $3,589 / $14,948 / $18,463; Stock Moe $1,927 / $10,231 / $11,328; Shluv Family $2,178 / $2,489 / $1,084; Violetta Alexis $118 / $1,261 / $414.
- *EDGAR full-text search, GigaStar Portal issuers 2022 to 2026-09-23: Form C-U 0, Form C-TR 0, Form C/A 28.
- *Creator Networks, Inc. FY2025 audited statements: net sales $548,790; cost of sales $150,818; gross profit $397,972; operating expenses $3,606,889; operating loss $3,208,917; interest income $41,526; net loss $3,167,391 (FY2024 $2,964,366). Balance sheet: cash $2,707,691; intangible assets net $2,450,099; total assets $5,431,228; accounts payable and accrued $132,461; no debt; stockholders' equity $5,298,767; accumulated deficit $8,700,357.
- *Creator Networks, Inc. FY2025 cash flow: operations -$2,300,542; capitalized software -$843,321; stock proceeds $4,602,735; $1,715,000 of convertible notes converted to 677,653 Series A-3 preferred shares and $250,000 repaid; $500,000 of promissory notes from two management shareholders repaid with 8% interest on completion of the equity raise; offering costs $310,768.
- *Creator Networks, Inc. capital history: Form D 506(b) $3,250,000 from 32 investors (first sale 2022-05-13), $1,500,000 from 4 (2023-03-09), $3,000,000 of $4,000,000 from 8 (2023-12-16); Form D 506(c) $8,035,000 offering with $0 sold at filing (2025-07-16); Reg CF on Wefunder: $3,933,775 gross in 2025 issuing 1,125,459 Series A-2 preferred shares; Form C 2026-08-11 for up to $1,200,000 at $3.515 (pre-money $58,000,000), C/A 2026-09-21.
- *Audit opinion, Terrence R. Gray, CPA, Georgetown, Texas, 2026-04-24: 'the accompanying consolidated financial statements present fairly, in all material respects'; 'Substantial Doubt About the Company's Ability to Continue as a Going Concern... Our opinion is not modified with respect to this matter.'
- *GigaStar Securities LLC at 2026-06-30 (Nawrocki Smith LLP, opinion 2026-09-08): cash $363,048, total assets $396,703, liabilities $58,374, member's equity $338,329; regulatory net capital $304,674 against a $250,000 minimum; no revenue recognized for the period; going-concern consideration resolved by parent support for at least one year; no claims or lawsuits.
- *Form CRS, September 2026: 2.5% buyer and 2.5% seller per CRT trade; no account application fee; 'GigaStar Technologies, LLC, an affiliated Funding Portal... may provide liquidity to customers of the ATS'; the July 2026 version had disclosed a $5.00 account application fee and variable fees.
- *BrokerCheck CRD 328312: Wyoming LLC formed 2023-09-01; SEC and FINRA approved 2025-04-08; direct owner GigaStar Solutions LLC (75% or more); indirect owner Creator Networks Inc; David Lee Hunt chief executive officer and CCO since 12/2025; no disclosure events.
- *WealthBlock feed, 2026-09-22: 39 Reg CF offerings, 37 tagged Funded, 2 Live; Craftee externalRaised $1,003,000 and offerSize $2,680,000 against a $1,679,000 maximum on the Form C; payment fees $5 per transaction, 4.9% card (limit $5,000), $3 ACH (limit $11,000), 2% USDC on Polygon; escrow facilitator North Capital.
- *Legal and enforcement scan, 2026-09-22: no action, disclosure event, suit or complaint located against Creator Networks, Inc., its subsidiaries or principals in BrokerCheck, the Form CRS, the FINRA funding-portal list, EDGAR full-text search or web search; Trustpilot has no reviews.
Primary Source Pages
Comparable Platforms
- Finlete
Reg CF single-name revenue share on athletes rather than channels; one completed cycle, written to zero, against GigaStar's three years of flowing distributions.
- Royalty Exchange
Existing royalty streams auctioned at a multiple, rather than a creator-set percentage sold at a creator-set price with fees on both the raise and the stream.
- Republic
A multi-issuer Reg CF marketplace, for contrast with a portal that screens, administers and intermediates every offering and runs the only venue for its tokens.
- tZERO
A security-token ATS with years of thin volume, for calibrating what a registered venue has meant in practice.
FAQ
Frequently Asked Questions
High-intent search questions answered directly, without making users hunt through the full review.
What do you actually own when you invest on GigaStar?
A Revenue Sharing Unit issued by a Wyoming LLC formed for that creator's offering, represented by a Channel Revenue Token in your wallet. Each unit entitles you to a fixed percentage of the channel's Net YouTube Revenue, meaning AdSense and other in-platform revenue less any multi-channel-network fee, paid monthly in USDC after an 8% service fee, for the life of the channel or a three- or five-year term if the creator chose one. You do not own any part of the channel, the content or the creator's brand deals, and the creator keeps full discretion over the channel.
What are GigaStar's fees?
Four, all stated in the filings and none on the marketing site. The portal takes 10% of the amount raised at closing, out of the creator's proceeds. GigaStar Technologies takes 8% of every distribution before it is paid to you. GigaStar Securities charges 2.5% to the buyer and 2.5% to the seller on every trade on GigaStar Trading, and pays the parent $1.00 per trade. At purchase you pay a $5 application fee plus 4.9% by card, $3 by ACH or 2% by USDC, non-refundable. Off-chain payment of distributions and third-party custody or settlement cost extra.
How are Channel Revenue Tokens priced?
By a formula the Form C states and no one independently checks: 'a multiple of approximately X times the annualized Net YouTube Revenue of the Channel' over the trailing twelve months, with the Form C adding that 'no third-party valuation was obtained'. The first drop in April 2023 used a multiple of 1 of the last three months annualized, which is why it yields over 100% a year; the 2024 to 2026 offerings run about 4x to 9x (Craftee 5.00x, Double Toasted 2nd 6.30x, Mr. Hand Pay 2nd 9.00x). Divide 0.92 by the multiple for the illustrated first-year return after the 8% fee: across all 46 offerings it runs from 7.1% to 23.1% with a median of 13.0%, before any change in the channel's revenue.
How much do GigaStar investors actually earn?
It depends entirely on the channel and the price. The recent Form Cs illustrate 10% to 15% a year at trailing revenue after the fee (10.20% on ClearValue Tax 3rd, 14.58% on Double Toasted 2nd). Where AltStreet could compute realized figures from filed or company-stated raises, FY2025 net yields were 18.8% on ClearValue Tax 2nd, 12.4% on ClearValue Tax 3rd, 11.1% on Double Toasted 1st, 7.8% on Tony Gaskins, and 113% on the platform's first $60,000 offering, which was priced at about a year of its revenue. The median issuer received $3,948 for the year and eleven of thirty-one received under $2,000, so the aggregate figures overstate what a typical unit pays.
Is GigaStar legit, or is it a scam?
It is a registered, functioning platform. GigaStar Portal LLC is a FINRA-member funding portal on FINRA's list under SEC file 7-376; GigaStar Securities LLC is a FINRA and SIPC member broker-dealer (CRD 328312) with an SEC-registered ATS, zero BrokerCheck disclosures and a PCAOB-registered auditor; every offering files Form C and annual reports on EDGAR; and three years of monthly distributions reconcile to those annual reports. AltStreet's legal and enforcement scan found nothing against any entity or principal. The concerns in this review are about fees, concentration, missing progress filings and the parent's finances, not legitimacy.
How much has GigaStar raised for creators?
GigaStar says $6.6 million to $7 million across 37 offerings, and $4.7 million across 27 as of April 2025. None of it is on EDGAR: no offering has filed the Form C-U progress update that Regulation CF requires within five business days of the deadline, so the per-offering figures exist only as company statements, such as ClearValue Tax's $1.87 million across three sold-out drops and Tony Gaskins's $500,000. The five filed figures, each disclosed in a later drop's Form C for the creator's earlier one, are ClearValue Tax 1st $60,000, 19XX 1st $20,000, Tony Gaskins 1st $488,300, Word On The Street 1st $20,944 and Double Toasted 1st $71,082 of a $264,000 maximum. Whatever the total, creators receive 90% of it after the portal fee.
Can I sell my Channel Revenue Tokens?
After the one-year Reg CF holding period, if the issuer converts them to digital securities and lists them on GigaStar Trading, the affiliated SEC-registered ATS. Trading began in late July 2026 for the first converted offering; the company reported 1,000+ trading accounts and $100,000 or more of cumulative volume in September 2026. Each trade costs 2.5% from the buyer and 2.5% from the seller. There is no redemption right, no other venue is planned, and the Form C says no liquid market may develop.
What is the $100 a month clause?
Every Revenue Sharing Agreement AltStreet read, from 2023 to 2026, provides that no distribution is paid in any month your share is under $0.50 and the shortfall does not carry over, and that the units 'will cease to exist' if aggregate distributions on the whole offering are under $100 a month for six consecutive months, after which the tokens have no function. At FY2025 revenue, four issuers with a full year of operation reported less than the roughly $1,304 a year that, spread evenly, keeps an offering above that floor; an annual figure cannot show six consecutive months, and the filings do not say whether the clause has been invoked on any offering.
What happens if the creator stops making videos or gets demonetized?
Your distributions fall or stop. The unit is a share of the channel's YouTube revenue and nothing else; there is no minimum payment, no obligation on the creator to keep uploading, and no claim on any other asset. The Form C gives the creator 'broad discretion' over the channel, including whether to join a multi-channel network whose fee would come off the top. If revenue falls far enough for long enough, the $100-a-month clause ends the units.
Are Channel Revenue Tokens cryptocurrency?
No, and GigaStar goes to some length to say so; the tokens represent Reg CF securities, and after conversion are digital securities that trade only on the registered ATS. The payment rail is crypto, though: distributions arrive as USDC on the Polygon network to a wallet you link to the smart contract, holders without a wallet have their money held in the contract until they link one, and buying with USDC requires a small amount of POL for network fees.
How is GigaStar income taxed?
GigaStar's guidance is that distributions are ordinary income reported on a Form 1099, not a K-1, because, as it characterizes the structure for tax reporting, the issuer is a disregarded LLC and the unit is a revenue-sharing contract rather than a partnership interest. Because payments arrive as USDC, each receipt also creates a stablecoin position with its own basis, and selling USDC or trading tokens on the ATS is a separate taxable event. The Form C makes no tax representations beyond directing you to your own adviser and noting possible withholding for non-U.S. holders.
Who is behind GigaStar and are they profitable?
Creator Networks, Inc., a Delaware corporation formed in February 2022 and based in Chicago, founded and run by Hazem Dawani, with Mohammed Asfour as chief operating officer and David Hunt running the broker-dealer. It is not profitable: FY2025 net sales were $548,790 against $3,606,889 of operating expenses, a $3,167,391 net loss and an $8,700,357 accumulated deficit, with $2,707,691 of cash at year end. Its auditor's opinion includes a going-concern paragraph. The company has raised about $7.75 million in Reg D rounds since 2022 and $3.9 million from retail on Wefunder in 2025, and filed to raise up to $1.2 million more in August 2026 at a $58 million valuation.
What should I read before investing in a GigaStar offering?
The offering's Form C, which is linked from the deal page and filed on EDGAR. Find the percentage of Net YouTube Revenue per unit and the illustrated first-year ROI, and note whether the illustration is before or after the 8% service fee. Find the channel's trailing-twelve-month revenue and compare it with its public view counts. Read the Revenue Sharing Agreement's floors ($0.50 per investor per month, $100 aggregate per month for six months) and whether the offering is lifetime or term-limited. Then read the creator's previous drop's Form C-AR on EDGAR if there is one, which shows what that LLC actually received last year.