I discovered something by accident today.

I planned on working with LW2018 to do a little more exploring this morning and inadvertently started LW11 (that uses a hardware dongle), but it started and ran just fine -- without the hardware key inserted...

So I guess since LW11 was designed to work either with a hardware key or software key, it doesn't actually need the hardware key as long as I have a valid license key file installed?