Kryll (KRL) Price



Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform.

Token Description & Project Background

Kryll is a cloud-based platform that allows users to implement and monetize their own automated trading strategies. Kryll’s native token is KRL, used to “fuel” both new and existing strategies on the platform.

Powered by a flow-based technology called Wysiwyt (what you see is what you trade), the interface enables traders to build and back test anything from simple DCA models to complex indicator-driven strategies.

Individual schemes are fueled by KRL tokens, which users are required to deposit on a periodic basis in order to keep their strategy operational. Once successfully implemented, these strategies can be kept in house or monetized via the Kryll marketplace for tokenized rewards.

Unique trading strategies are generally built and back tested with a given group of trading pairs in mind. Users are generally advised to implement the strategy using the token pairs recommended by its creator. Once invested, traders can view the performance of their chosen strategies via Kryll’s web-based and mobile applications.

All users interacting with Kryll are required to have a centralized exchange account linked to the platform by way of a unique API key. As such, individual trades are not executed directly on Kryll, but rather the centralized exchanges integrated with it. The API key supplied by each user is what ultimately allows Kryll to access these exchange platforms and make trades on the user’s behalf, documentation explained.

KRL is the network’s native utility token. KRL is required to execute trading strategies and other transactions within the Krll ecosystem. 

KRL was launched via ICO which ended in April 2018 raising approximately $8 million. 

Kryll was founded by two French blockchain engineers, Luca Benevolo and Philippe Longere. They created the platform in July of 2017.

Both Benevolo and Longere currently hold senior leadership positions at Cryptense, a “full stack blockchain company” that owns Kryll and supports its development.

Risks of KRL

Like an investment in other crypto assets, there are some general risks to investing in KRL. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in KRL is subject to the following specific risks:

  • Kryll faces significant competition from centralized trading platforms and DeFi protocols. Any potential success associated with KRL is dependent on Kryll’s rate of adoption.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with KRL. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The KRL community and Cryptense are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of KRL have no recourse to the KRL community, Cryptense, or Uphold if KRL declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing KRL on the Uphold Platform, Uphold performed due diligence on KRL and determined that KRL is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of KRL, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of KRL.
  • Any marketing materials put forward by the KRL social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with KRL, including any code defects, security breaches and other threats concerning KRL and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with KRL, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of KRL. 


Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 21, 2023.

How to buy Kryll (KRL)

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