To tell the truth, I always question the existence of the Conference League.

Why did UEFA feel the need of a 3rd European tournament which is even below the level of the Europa League?
Look at the prize money of this tournament.
Source: https://www.salaryleaks.com/prize-money/uefa-conference-leagueThe biggest prize is literally €7m. The winner of the tournament gets it. What's the point of this then? Just to make more teams happy with a different kind of trophy?
I still question the future of the Conference League because of that. It might not even exist as long as the Europa League.