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It all comes down to diminishing returns. Looks like this program was one of the early adopters of server side authentication, that's why the key was limited to a finite number of activations.
I can tell you I got into cracking when I was very passionate about a program. You have two ways into this program: the server side activation a' la adobe products (tho this is an oldie I am not sure as complicated) and the 7 day trial being extended.
It's a great way to learn. I wouldn't hesitate distributing whatever you come up with. There are many people out there who paid for this program but unable to use it anymore as they are unable to authenticate b/c the site no longer exists. Good lesson for those looking to buy a program that requires online activation but the programmer's shop is a one man band.
Have fun and don't be afraid. There are many sites out there to help with reverse engineering.
Me I am lazy. I'll make do with audacity.
cndps is probably telling you why a crack or keygen isn't coming anytime soon. Cracking this program requires TWO different modifications and trust me it's a lot of work. It's a case of diminishing returns. I get that you like this program and you paid for it. For reasons explained you wouldn't expect to see anything coming down the pipe.
As I already said it's going to have to be a DIY project. Maybe you can get some recruits online who own the program like you. I doubt there's anyone who is going to come after you for cracking this. Sorry we couldn't help juju.
Welcome to Audacity Audacity® is free, open source, cross-platform audio software for multi-track recording and editing. Audacity is available for Windows®, Mac®, GNU/Linux® and other operating systems. Check our feature list, Wiki and Forum. Download Audacity 2.1.3 Mar 17th, 2017: Audacity
Also audacity has a lot of features, filters and plugins to get even better results.