Clear language for the VCN ecosystem

Terms & Definitions

This glossary explains the key terms used across ValueCycleNetwork. Each definition is written in plain language so Buyers, Sellers, and members understand the platform, marketplace, referral system, wallets, and bonus structure the same way.

These definitions are the standard terminology used throughout the VCN website, dashboard, AI Assistant, notifications, and marketplace.

Showing 54 of 54 terms.

VCN Terms & Definitions

The VCN Management Team provides and maintains the technology and marketplace infrastructure. It does not participate in or interfere with product transactions between Buyers and Sellers.

Last Updated: 14 August 2026

Terms & Definitions

1. ValueCycleNetwork (VCN)Platform

2. BUY · LEARN · LEVERAGE · GROWPlatform

3. VCN Management TeamPlatform

4. Back OfficePlatform

5. Digital Knowledge ProductPlatform

6. VCN MarketplaceMarketplace

7. MarketplaceMarketplace

8. Marketplace LevelMarketplace

9. Marketplace ProductMarketplace

10. Marketplace Product PriceMarketplace

11. Activation FeeMarketplace

12. Marketplace PurchaseMarketplace

13. Complete PurchaseMarketplace

14. Recurring PurchaseMarketplace

15. Marketplace CycleMarketplace

16. Completed Marketplace CycleMarketplace

17. ₦5,000 Marketplace Entry RuleMarketplace

18. BuyerBuying & Selling

19. SellerBuying & Selling

20. Sellers QueueBuying & Selling

21. VCN Marketplace Selling LicenseBuying & Selling

22. Product TransactionBuying & Selling

23. Assigned SellerBuying & Selling

24. Assigned BuyerBuying & Selling

25. Product DeliveryBuying & Selling

26. Purchase ConfirmationBuying & Selling

27. Payment ReceivedBuying & Selling

28. Referral LinkReferrals

29. Direct SponsorReferrals

30. SponsorReferrals

31. ReferralReferrals

32. Referred UserReferrals

33. Referral BonusReferrals

34. Referral Bonus CalculationReferrals

34.1. Utility WalletWallets & Records

34.2. Utility CreditWallets & Records

34.25. VCN Electricity Service ChargeWallets & Records

34.3. Personal Utility BonusRewards & Qualification

34.4. Leadership Utility BonusRewards & Qualification

35. Referral Link LockReferrals

36. Active Referral LinkReferrals

37. Referral Wallet RedemptionReferrals

38. Referral WalletWallets & Records

40. Marketplace Sales RevenueWallets & Records

41. Financial RecordsWallets & Records

42. Transaction HistoryWallets & Records

43. Purchase HistoryWallets & Records

44. Sales RecordsWallets & Records

61. Qualifying PurchaseRewards & Qualification

62. Marketplace QualificationRewards & Qualification

63. Marketplace-Specific QualificationRewards & Qualification

64. Reward EligibilityRewards & Qualification

65. Community VotingOther VCN Terms

66. Appeal CentreOther VCN Terms

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