Starting at Factory I/O v2.4.0, legacy floating licenses (on-premise and cloud) are now replaced by a redesigned cloud based licensing system which is more robust, flexible and easier to use.
Each license can now be used as a standalone or floating license. This means that you can choose on how to use you license pool without needing to perform extra configuration steps. For example, from a pool of 10 licenses you can use 2 as standalone licenses and the remaining as floating licenses.
You can now give access to your license pool by using a Share Code (floating licenses only). This means that only users who know the current Share Code are allowed to use licenses. At any moment, a Share Code can be changed by the license owner returning all floating licenses to the license pool - great feature for sharing licenses with students!