The effect is exactly the card that can be said that he is the king of the kings of Synchro Monsters
Theres a risk, one mitigated by lots of ramp so you have plenty of mana
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Ofc not, thats what I dont like about the yugioh community, all raw cards, all private sales, all hiding information, I personally know a lot of collectors who bought some of these cards so I can say some prices are real, others are just offers made but not accepted, others just speculated