You should log in and download the offline copy of your license key and store it in order to safeguard such things.

Unfortunately it doesn't appear to be a thing for V2

I bought V2 a while ago too when it was offered extra cheap. The problem it doesn't run on my rusty machine. I bought it to have it as reserve once I upgrade my machine someday (who knows if my V1 stuff still runs then?). I learned about this weird activation server stuff afterwards, so ultimately I had to ask for my money back. There was no way to "activate" the software and store the key/keyfile in a backup. In no way this is future proof in my view.

I want to use my software w/o depending on the availability of some random 3rd party server. I guess it just got worse with this new app here. I'm not enthusiastic about it at all. This has nothing to do with a price point at all (I was happy to pay for all my 3 V1 apps separately).