The API Access section of the dashboard lets you create api client's that will access the api.
Auth Armor uses the client_credentails oauth2 grant for api authentication. For more info about client_credentials, such as how to generates tokens, please see this article.
You can generate unlimited api clients, and for each api client, you can generate unlimited api secrets.
You can use the dashboard to disable a secret if needed.
When creating a client, you will be asked for the permissions, or scopes. Please see the article linked above for more information about the scopes and permissions.