Goodbye ItchySats, G’day 10101!

ItchySats
2 min readApr 18, 2023

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đź”” TLDR: We will shut down ItchySats on 19.04.2023 00:00 UTC. Your personal node on Umbrel, Raspiblitz, etc can still be started but you will not be able to trade anymore. Any position will be closed automatically and your funds will end in your wallet. Please make sure to withdraw them to a wallet outside of the application.

It is with mixed emotions that we announce the shutdown of our beloved ItchySats program in favor of our upcoming launch of 10101. While we are sad to see ItchySats go, we are excited about the future and what 10101 will bring to the table.

ItchySats has been a cornerstone of our organization for the last year. We have learned so much from it, and it has provided invaluable data that has helped us better understand the universe of self-custodial trading. It has been a remarkable journey.

Our decision to shut down ItchySats was not an easy one. However, as we looked to the future, we knew that we needed to evolve and embrace new technologies to stay at the forefront of space exploration. We believe that 10101 is the next step in that evolution.

10101 is the next step towards a more open financial systems. It is faster, more reliable, and more efficient than ItchySats ever was. It will enable users to trade self-custodial without counterparty risk over lightning.

The launch of 10101 is only a few days away, and we could not be more excited. We are confident that this will take us to new heights and provide us with the knowledge and tools we need to continue pushing the boundaries of space exploration.

To all of our loyal ItchySats users, we want to express our deepest gratitude for your unwavering support over the past year. We could not have accomplished what we have without you. We hope that you will continue to support us as we embark on this new and exciting chapter in our organization’s history.

Started from 19.04.2023 your ItchySats node on Umbrel, Raspiblitz or desktop can still be started but you will not be able to trade anymore. Any position will be closed automatically and your funds will end in your wallet. Please make sure to withdraw them to a wallet outside of the application.

In conclusion, while we are sad to say goodbye to ItchySats, we are excited about what the future holds with 10101. This program represents the next step in our organization’s evolution, and we cannot wait to see what we will learn and accomplish with it. Thank you for your continued support, and we look forward to sharing our progress with you in the coming months and years.

P.s. make sure to join us on our next journey to bring self-custodial trading to the masses: https://10101.finance

Cheers,
ItchyMax and the 10101-Team

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ItchySats

Non-custodial CFD trading directly on Bitcoin. DLCs make it possible. No middleman. No account. Just you and your keys. https://www.itchysats.network/