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The fact that you net a 3/5 is fine, and with deathtouch and a high defense, you can play control and keep away creatures that fear death

The activated ability doesn't target any creature

Any time you are able to trade off your Phoenix for a real creature out of your opponent (or at least a removal spell), youre gaining an advantage

Goblin Kaboomist $0.50 Flavor oozes from the Kaboomist, but youd have to strip every single drawback off this card before hed be interesting to think about in any constructed format

The drawback of providing the opponent with a 3/3 Beast token is a small price to pay to neutralize a win condition before it can take over the game