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When this creature enters, create a Blood token. (It's an artifact with "{1}, {T}, Discard a card, Sacrifice this token: Draw a card.")
Whenever you sacrifice a Blood token, you gain 1 life.
If an effect refers to a Blood token, it means any artifact token with the subtype Blood, even if it has gained other subtypes.
Some triggered abilities trigger "whenever you sacrifice a Blood token." These abilities trigger regardless of why you sacrificed that Blood token.
You can't sacrifice a Blood token to pay multiple costs.
