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We don’t trust charities.
Most charities spend between 20% and 95% of every donated pound on salaries, offices, and marketing. What reaches the people who need it is whatever is left. You cannot verify where your money went. You are asked to trust a logo and an annual report written by the same people spending your money.
We built Agouti because we don’t accept that.
What Agouti is
Agouti is a cryptocurrency. It has been running continuously since 2018. It is not a startup, not a foundation, and not a promise. It is a blockchain that has already sent money to people who needed it, in places where no bank would help them.
How the money moves
Every ten minutes, the Agouti blockchain produces a small number of new coins. Ten percent of those coins go automatically into a community fund. Nobody controls that fund. Not us. Not a bank. Not a board of directors.
Anyone can submit a proposal requesting money from that fund. The proposal is published openly on the blockchain, visible to anyone in the world, permanently.
The people who run masternodes vote yes or no on every proposal. Think of a masternode as a community member who has committed a significant stake to participate in governance — they have skin in the game.
If a proposal receives enough yes votes the blockchain pays it out automatically at the end of the monthly cycle. No human authorises the payment. The code does. The receiving wallet address, the amount, and the date are recorded on the blockchain permanently. Nobody can alter that record.
That is the entire system. It is not complicated. It is just honest.
The one protection against abuse
A single founder veto exists. It allows one proposal to be blocked if it is fraudulent, harmful, or an attempt to abuse the system. It is held by the developer, under the pseudonym RottenCoin. It will be retired as the community and masternode count grows. Its existence is published here because hidden powers are how trust gets broken.
What Agouti has actually done
In February 2019 the first budget proposal was funded.
The money — 0.15531 BTC, worth $590 at the time — went to a community organisation in the Barquisimeto area of Yaracuy state, Venezuela.
Venezuela at that time was under the Maduro regime. The economy had collapsed. People could not access international banking. Ordinary transfers were impossible or dangerous for those involved.
The funds were used to restart agricultural machinery, begin food production on a recovered plot of land, and repair local water supply infrastructure.
The organisation sent a formal letter of acknowledgement, naming Agouti specifically and detailing exactly what the money was used for. That letter is published on this site. Names, the organisation’s title, and specific location details are redacted. People connected to this work remain in Venezuela. Their safety is more important than our credibility.
We did not publicise this at the time. The blockchain transaction was proof enough. It existed regardless of whether we spoke about it.
The people behind those transactions
Two people were central to Agouti’s early work in Venezuela.
One died of Covid-19. The other has not been heard from in nearly four years. We will not publish their names.
What we will say is this: these were real people. One of them wrote to us from a Venezuelan prison to tell us not to worry about him. We have not forgotten either of them. This project continues because of them, not despite losing them.
Where Agouti came from
Agouti began as a rescue of an abandoned cryptocurrency called Lunique (LUQ). Its developers disappeared and left holders with worthless coins — a pattern common in this space.
The Agouti developer took over the chain, rebuilt it from the ground up, and offered a fair swap to anyone holding LUQ. Six hundred thousand coins left over from that swap were publicly burned rather than kept. The transaction is on the blockchain. It is not reversible and it was not hidden.
There was no ICO. There are no investors. There are no salaries. The chain has been running for seven years.
The numbers
Block time: 10 minutes , Block reward: 0.125 AGU, Monthly charity budget~54.79 AGU ,Proposal fee: 0.5 AGU (burnt),
Total supply emitted~2.6 million AGU, Chain age: Since 2018
New supply is negligible. There is no inflation pressure. The charity budget comes from the system itself, not from donations.
What comes next
The network has recently undergone a technical upgrade: more robust masternode infrastructure, dynamic masternode IP support, and the formal governance and veto system described above.
The next step is the first post-revival charity proposal — a real recipient, vetted, funded through the blockchain mechanism, and fully documented. When that happens it will be published here in full.
We are not publishing a roadmap. We are not making promises we cannot show you on a blockchain.
The letter
The following is a formal statement received in February 2019 from a community organisation in the Barquisimeto area, Yaracuy state, Venezuela. Names, the organisation’s title, and identifying location details have been redacted to protect individuals whose families remain in Venezuela.
“We have decided to undertake an initiative for the protection, growth and development of our community through food production, community security, and guaranteeing our survival and independence, leaving behind any attempt by the dictatorial regime to seize control of our people.
We express our deepest gratitude to Agouti Decentralised Charity, who knowing our current situation and thanks to their platform, technology, and masternode system, has provided us with financial support. We have received the sum of 0.15531 BTC ($590 at the current exchange rate), which represents an immense light for our humanitarian project.
This amount, which we could never have obtained from within Venezuela for reasons already known to the world, will be used to restart agricultural machinery, begin food production on our recovered plot of land, and repair local water supply infrastructure — addressing the most serious problem we face: the scarcity of basic services.
Lives will be saved, people fed, and young people educated. The future is bright.”
— [REDACTED], Barquisimeto area, Yaracuy state, Venezuela, February 2019
Agouti (AGU) is listed on Qutrade. Wallet downloads and the blockchain explorer are in the Resources and Links section. The developer can be reached on Discord as RottenCoin.