The abilities arent lost once theyve been activated, so the abilities compound until all four abilities show the true power of The Ring
When this enchantment's last ability resolves, for each applicable token you control that entered this turn, create a token that copies the original characteristics of that first token as stated by the effect that created it (unless that first token is copying something else
Unsurprisingly, basically all of these are Bird-Typal decks helmed by Kastral, the Windcrested and Derevi, Empyrial Tactician
Judges tend to look down on it as a waste of time, and it's even been restricted to occurring once per game in official tournament policy
WotC's Matt Tabak explains in his Doctor Who Mechanics article: If multiple players are offered a villainous choice, the first opponent in turn order makes their choice, then that effect happens
Im all in on the mill commanders for this one: Shigeki, Jukai Visionary, Grolnok, the Omnivore, Tasigur, the Golden Fang, or Zellix, Sanity Flayer (with a green background)