Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
For people holding such token, the people will be able to participate in some what is going on in the club, like voting and many like that.
The question on my mind on this clubs tokens is are the token listed on any exchange or can the rewarded token get converted to local currencies such as USTD on their platform?
Yes, it can be converted to USDT, they even has more trading pairs. Immediately after such tokens are launched, USDT pair is created for them, but I know about binance.