I've only really started learning about crypto and I don't really see the point to all these million different exchange tokens.
Most of them just seem to speculative tokens with no actual function as far as I can see

It is magical to create money out of thin air

. Most of the exchanges have their own coins and they claim that holding them will help in reducing the trading fees and those are created just to manipulate the market and create more profit and nothing else, look at BNB, they gave out a lot of coins and now every month they will be burning the coins and during that time the price rallies.