It is a separate card type that can be counted by effects like Consuming Blob
This doesnt say draw a card anywhere on it. You have to use this with big spells to make the token flip costs more worth it
Thankfully the oracle text is more clear on such cards, and we have two great examples to demonstrate this
The cost-reduction ability of Korvold, Gleeful Glutton doesn't change its mana cost or mana value, only the total cost you pay

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