Creating new API token is confusing

Current user experience requests user providing a nickname for API token and user password when adding a new API token. This experience is confusing to the user. 

Made a video to show what is going on and providing an alternative.

https://www.loom.com/share/5ee4545aab1a4211bc60a19aa6882f59?sid=170d22d7-ea6a-4af6-8220-531a9550d9aa