Pros: Helps getting Ultimaya/Bishbaalkin out easier, helps protect your Dragon Synchros, doesn't req. too many Crimson Counters, and said Crimson Counters are relatively easy to get.
Cons: Somewhat slow if not build around, loses all counters if destroyed (obviously), and has no way to protect itself; req. other cards to protect it

1st time submitting a card here, hope im doing it right.

Each time you Special Summon a Level 8 or lower Dragon Synchro Monster, place 1 Crimson Counter on this card (max 3). If a Dragon Synchro Monster would be destroyed by card effect, you can remove 1 Crimson Counter from this card instead. You can remove 3 Crimson Counters from this card; Special Summon 1 "Ultimaya Tzolkin" or "Phantasmal Lord Ultimitl Bishbaalkin" from your Extra Deck to 1 of your Main Monster Zones, ignoring its Summoning conditions.