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Did you read the instructions included in the README.txt file?
Quote:
// Installation instructions //
Extract the 'html' folder into your root XOOPS directory.
Run the 'mysql.txt' file contained in this folder on your XOOPS database.
If your XOOPS prefix is NOT 'xoops_' make sure to edit the 'mysql.txt' file
and change 'xoops_config' to 'yourprefix_config' and 'xoops_regkeys' to
'yourprefix_regkeys'
Make sure to delete the adminmenu.php from the cache directory. This will make sure
Registration Keys shows up on the pop admin menu.
"Run the 'mysql.txt' file contained in this folder on your XOOPS database." This means you will have to create the table yourself with a tool like phpMyAdmin.
Also, keep in mind, this module is overwriting core XOOPS files. So if you upgrade XOOPS in the future, you may have to re-apply this module.
I haven't installed this yet, but it looks like a great idea that could use a bit more tweaking and refining.