Hi! In the FAQ it says that you can do whatever you want with the music you compose and that the rights to the music you make belong to you. So I guess you can.
If you make your FLP public that means you probably will have to limit which VST plugins you use. You're putting a major handicap on yourself if you're restricted to free plugins. Better yet you could make videos of the whole creative process for youtube. That could be a lot of fun! Personally I think I'm going to use all the tools I have available if I decide to enter.
I mean you could make like a TXT file with all your plugins you used and everything but no one's going to go out of their way just to look at your notes
