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Kaito phases back in with the same number of loyalty counters that he phased out with

Both of its sides are very strong and people seem to like it very much across all competitive formats

You can also bounce a planeswalker about to ultimate or a key dork or one of your own ETB creatures for another go-around the bin

you get a lands commander that ramps, disruption for your opponents, a massive creature that cant be interacted with via blockers, and most importantly, a sacrifice outlet

If a card with persist is removed from the graveyard after it dies but before the triggered ability resolves, it won't be returned to the battlefield