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Equipped creature gets +1/+0 and has "Whenever this creature deals combat damage, create a Blood token." (It's an artifact with "{1}, {T}, Discard a card, Sacrifice this token: Draw a card.")
Equip {2} ({2}: Attach to target creature you control. Equip only as a sorcery.)
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.
