You will see a faint "Activate Windows" watermark in the bottom right corner, and you cannot change your desktop wallpaper through the personalization settings.
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While Microsoft Toolkit 2.7.3 can be a useful tool for activating Microsoft products, there are some implications to consider: You will see a faint "Activate Windows" watermark
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Microsoft Toolkit intercepts this process. It sets up a simulated, virtual KMS server within the host PC's loopback network interface (127.0.0.1).