What is the relationship between Luna, Lunc and USTC? The relationship between Luna coin, LUNC coin and USTC is mainly reflected in their origin, function and historical background. 1. Luna coin: It is the new native cryptocurrency on the Terra 2.0 public chain. Terra 2.0 is a new chain after the hard fork of the original Terra blockchain. It aims to rebuild the ecology and attract developers and users. Its price is closely related to the development of the ecology. 2. LUNC coin: Formerly known as LUNA, it is the cryptocurrency on the original Terra 1.0 public chain. After the collapse of the Terra ecology in May 2022, the original Terra network was renamed Terra Classic, and the token was also renamed Luna Classic (LUNC). LUNC is still the backup token of USTC, and the increase in the value of LUNC may eventually lead to the re-pegging of USTC. 3. USTC: It is an algorithmic stablecoin, formerly known as UST, which was renamed Terra Classic UST (USTC) after the collapse of the Terra ecology. It is connected to the LUNC cryptocurrency according to some predefined conditions. Simply put, LUNC and USTC are legacy tokens after the collapse of the original Terra ecosystem, while Luna is the native token of the new Terra 2.0 ecosystem. LUNC and USTC still maintain a certain connection, while Luna has opened up a new development path.
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