FOR IMMEDIATE RELEASE

June 5, 2018

Hosho Audits Envilope LOK Token Smart Contract, Passes Testable Code with 100%

Initial LOK Token Code Audit Passes Smart Contract with “Higher Than Industry Standard” Grade

Envilope is pleased to announce that Hosho, a leader in the field of blockchain security, has awarded the Envilope LOK token smart contract a passing grade of 100% on the testable code. The auditors found no errors whatsoever during their exhaustive review of the initial smart contract.

The Hosho Team performed a thorough review of the smart contract code, the latest version as written and updated on May 13, 2018. All main contract files were

reviewed line-by-line by Hosho’s team of expert pentesters and smart contract developers, documenting any issues as they were discovered.

Not a single issue was found by any of the Hosho team during their analysis, resulting in a stellar grade of “100%” for code passing, higher than the industry average.

“I’m thrilled,” said Mark Allardyce, Founder and Chairman of Envilope. “To have an industry leader like Hosho give us the green light on the smart contract code, and having the code pass with 100%, means we are well on our way to a successful public token sale launch.”

The public LOK token sale is expected to launch by the end of Q2 2018. LOK tokens act as vouchers with a 1:1 redemption value for the future exchange-based LOCK token, which will be issued later in 2018. Envilope has chosen to issue voucher tokens now to allow the general public to participate early in the token sale and become part of the Envilope ecosystem as soon as possible. LOCK tokens will be listed on several exchanges, as well as used within the Envilope system to purchase services.

To participate in the LOK token sale, the public is invited to download and read the white paper, available on the company’s token sale site, and follow the company on their social media channels.

For more information on Hosho, please visit the company’s site.