24 hours to activate elicense

Is it correct that I only have 24 hours to put in the activation code for my elicense before I am no longer able to use it ?

I have the Cubase 9 update on a new pic, after inserting my elicense dongle for my Cubase 4 and starting up the Cubase 9 it said I have to put in my activation code with in 24hrs or my soft elicense would be deactivated. I realise also that this ‘soft elicense’ has somehow to go onto my dongle?

Any information much appreciated