In the field of public chains in South Korea, LUNC and ICX are two projects worth paying attention to, but their characteristics and positioning are different.
LUNC Coin: A public chain generated from a fork after the Luna crash, with an excessively large and unlimited supply. It is currently maintained by the Terra development team and aims to promote the development of DeFi applications.
ICX (ICON): Known as "the Ethereum of Korea," it is a decentralized blockchain network focused on interoperability. It was initiated by Koreans and aims to achieve interconnection and transactions between different blockchains. ICX has already established a fairly mature ecosystem in South Korea, connecting multiple banks, securities companies, insurance companies, etc., making it a leader among cross-chain public chains.
In summary, LUNC and ICX each have their own characteristics in the field of public chains in South Korea. LUNC focuses more on the development of DeFi applications, while ICX focuses on interconnection and transactions between blockchains. Both have a certain influence and application prospects in South Korea and globally.