The channel name is a unique identifier of your channel on this and all the other instances. It's as unique as an email address, which makes it easy for other people to interact with it.
I am at least 16 years old and agree to the <x id="START_LINK" ctype="x-a" equiv-text="<a class="terms-anchor" (click)="onTermsClick($event)" href='#'>"/>Terms<x id="CLOSE_LINK" ctype="x-a" equiv-text="</a>"/><x id="START_TAG_NG_CONTAINER" ctype="x-ng_container" equiv-text="<ng-container *ngIf="hasCodeOfConduct"> "/> and to the <x id="START_LINK_1" equiv-text="<a (click)="onCodeOfConductClick($event)" href='#'>"/>Code of Conduct<x id="CLOSE_LINK" ctype="x-a" equiv-text="</a>"/><x id="CLOSE_TAG_NG_CONTAINER" ctype="x-ng_container" equiv-text="</ng-container>"/> of this instance