There are tokens for every category one can imagine:  Energy, options, Health, Tourism, IoT, Retail, Jobs, Real Estate, Social Money, Research, Communications and Social Media, Derivatives, Music, Analytics, Gambling, Events, Education, Gaming, DAO, Sports, Storage, DeFi, Yield Farming, Interoperability, Smart Contracts, Scaling, Oracles, Content Creation, Entertainment, Loyalty, E-commerce, Logistics, Insurance, Video, Memes, Fan tokens, Privacy, Metaverse and the list is literally endless.

For Each Category there are a long list of tokens used. For instance, if you filter the options you have for Identity, you land up with a long list starting with Ontology, Energy Web Token, Civic, Metadium, and more.

Similarly for Gaming you have Axie Infinity, Enjin Coin, Decentraland, The Sandbox, Bakery token etc.

For, events you have GET Protocol, Olyseum, Aventus, Event Chain and More Coin.

For, analytics you have The Graph (GRT), PARSIQ, DEX Tools, AstroTools and more.

Thus, when it comes to identifying the purpose, which a particular token backs, it is to be understood that it is not only about store of value and trading, there is mode to the story.

Several investors have not looked beyond the top 10 or 30 tokens.  The reality is that most of the cryptocurrencies, literally there are many thousands of them who are here with a purpose. And, the usage of cryptocurrency in any nameable category makes sense.

In the context of blockchain technology, tokenization is the process of converting something of value into a digital token that’s usable on a blockchain application.  The concept of tokenization precedes blockchain technology. Tokens represent physical and digital asset and also unit of value in a particular system. This can also be ownership right or staking right. Thus, all physical and non-physical assets are converted in to physical assets in the blockchain.

Blockchain tokenization is very popular.  The study of economic incentive models and token distribution within cryptocurrencies has come to be known as token economics, or Tokenomics for short. In order for a token to have any sort of value there needs to be an incentive to use or hold that token.

So, those who create a token come up with a Tokenomics for using the particular crypto.  From the list of categories like Energy, options, Health, Tourism, IoT, Retail, Jobs, Real Estate, Social Money, Research, Communications and Social Media and almost everyday thing, it is possible to allot incentive for using the tokens belonging to a particular category.

Thus, nothing is meaningless cryptocurrency other than for scammers and incompetent developer teams. Any project or team who work with a purpose and true value find a market base, if not for a very massive user base, they land up with their own ecosystem of users. But still Beware of Scam Tokens.