Positive loyalty taps a creature, negative loyalty draws cards based on the number of tapped creatures an opponent controls (hello, mass tappers), and the emblem turns your maximum hand size infinite and (optionally) returns anything that hits your graveyard to your hand
Can You Proliferate Energy Counters
It doesn't trigger if you put Geological Appraiser onto the battlefield without casting it.
That's not nothing
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That said, its card disadvantage in a format where spot removal is already card disadvantage, so whether or not you decide to run this card really depends on your meta and the sorts of commanders you play against
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