Mostly correct. The “trial versions” that keep working are called PLEs (Animate and Animate Pro). The ones that are time-based are called demo version (Storyboard and TBS).
Also the PLE versions have their own format and are not compatible with the full version software. The demo versions projects are compatible with the full version of the software - you can continue the demo project when you get the actual software.
This choice of words will confuse people. The difference is that this is not the typical trial version software unlocked by inserting a purchased activation code. The PLE software remains a PLE. When you purchase the software you receive an activation code for a link to download the software. Once you purchase the software you are upgraded to at least a .1 version. Since their initial release the software has received a degree of updating. Details are published in the x.1(+) Release Notes. I don’t know whether they update the PLE’s every time they update the non-PLE. I suspect it depends on the issue. However, the PLE/Trial versions are identical in every other facet except there is a watermark, the Studio and Storyboard PLE’s are time-limited and eventually expire (Animate 3 and Animate Pro 3 PLE’s do not expire) and you cannot open files created with the PLE’s in purchased license software.
The trial version is NOT the same as the full version. You can’t turn the trial version into the full version by “unlocking” features. Instead you need to download the full version from the “My Downloads” section of your member’s profile.
Your Toon Boom Account has a Profile. There is an arrowhead pointing down next to a torso/head icon in the header bar of this forum webpage. The arrow is a drop-down menu. Once at your Profile page you will have a menu of items to select:
MY PROFILE MY ORDERS MY GIFT CARDS MY WALLET PRODUCT REGISTRATION MY DOWNLOADS
You will eventually, if not immediately, have active download links.