$LUNC , $LUNA , and $USTC are related to the Terra ecosystem, but each has its own unique 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 collapsed in May 2022. After the collapse, the old chain was rebranded as Terra Classic, and its native token became LUNC. The collapse occurred due to the de-pegging of UST (the algorithmic stablecoin) from the US dollar.

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

3. TerraClassicUSD (USTC): TerraClassicUSD (formerly UST) was the algorithmic stablecoin of the Terra ecosystem. It was designed to maintain a 1:1 peg with the US dollar using an algorithm linked to LUNA (now LUNC). However, when UST lost its peg, it caused a catastrophic collapse in both UST and LUNA, leading to massive losses. UST was rebranded to USTC after the chain split.

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