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Shiko, Paragon of the Way
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Oracle Data
When Shiko enters, exile target nonland card with mana value 3 or less from your graveyard. Copy it, then you may cast the copy without paying its mana cost. (A copy of a permanent spell becomes a token.)
Official Judge Precedents
A resolving copy of a permanent spell becomes a token. That token isn’t “created” and won’t interact with abilities that care about tokens being created.
If a spell has 
in its mana cost, you must choose 0 as the value of X when casting it without paying its mana cost.
If you don’t want to cast the copy, you can choose not to; the copy ceases to exist the next time state-based actions are checked.
If you cast a spell “without paying its mana cost,” you can’t choose to cast it for any alternative costs. You can, however, pay additional costs, such as kicker costs. If the spell has any mandatory additional costs, those must be paid to cast the spell.
You cast the copy while Shiko’s last ability is resolving and still on the stack. You can’t wait to cast it later in the turn.
If the spell you cast has in its mana cost, you must choose 0 as the value of X when casting it without paying its mana cost.
