LUNC and LUNA are two different cryptocurrencies with significant differences between them:
1. Background and Origin
LUNC: The native token of the Terra Classic blockchain, renamed after the collapse of the TerraUSD (UST) stablecoin, also known as Luna Classic.
LUNA: The native governance token of the new Terra ecosystem (Terra Luna 2.0), separated from the old blockchain, aimed at ensuring network security.
2. Characteristics and Uses
LUNC: Has abandoned the dollar-pegged stability mechanism, highly volatile in price, with a massive supply.
LUNA: Generates staking and trading fee income, used to maintain the network security of the Luna Classic blockchain, with broad utility and market support.
3. Supply and Market Capitalization
LUNC: The supply is much greater than LUNA, approximately 6.5 trillion coins, with a relatively low market capitalization.
LUNA: Limited supply of only 1 billion coins, actively traded with high daily trading volume, indicating greater investor confidence.
4. Connection with Stablecoins
LUNC: Still connected to the algorithmic stablecoin USTC, whose value affects the supply of LUNC tokens.
LUNA: Cut all ties with any stablecoin, not influenced by stablecoins. The launch of Luna 2.0 has clarified the new development direction.
In summary, LUNC and LUNA have obvious differences in background, characteristics, supply, market capitalization, and connections with stablecoins.
