$LUNC, $LUNA, and $USTC are all part of the Terra ecosystem, but each chain has its own context following the collapse of the original Terra blockchain in 2022:

1. Terra Classic (LUNC): Terra Classic (formerly known as LUNA) was the original governance token of the Terra blockchain, which crashed in May 2022. After the crash, the old chain was renamed Terra Classic and its native token became LUNC. The crash was caused by the decoupling of the UST (algorithmic stablecoin) from the US dollar.

2. Terra (LUNA): Following the demise of Terra, a new Terra blockchain was launched without the UST algorithmic stablecoin. The native token of this new chain is also called LUNA. This new Terra chain exists independently of Terra Classic, with LUNA as its governance and utility token.

3. TerraClassicUSD (USTC): TerraClassicUSD (formerly UST) is the algorithmic stablecoin of the Terra ecosystem. It was designed to maintain a 1:1 peg to the US dollar algorithmically linked to LUNA (now LUNC). However, when UST lost its peg, it caused a catastrophic collapse in both UST and LUNA, resulting in huge losses. UST was renamed USTC after the chain split.

These coins remain speculative assets, with LUNC and USTC now primarily considered part of the Terra Classic chain, while LUNA operates on the new Terra blockchain.#WeAreAllSatoshi #HBODocumentarySatoshiRevealed