Effect
You can Set this card from your hand to your Spell & Trap Zone as a Spell Card. During your opponent's turn, if this Set card in the Spell & Trap Zone is destroyed and sent to your Graveyard: Special Summon it. During either player's turn, when a card or effect is activated that would destroy a Spell/Trap Card(s) you control, while this card is in your hand: You can return 1 Set Spell/Trap Card you control to the hand; Special Summon this card.
The monster effect "①: You can Set this card from your hand to your Spell & Trap Zone as a Spell Card" is not classified as an Ignition Effect, Trigger Effect, Quick Effect, or Continuous Effect. (No Chain Link is created when you Set "Artifact Chakram" to your Spell & Trap Zone this way.)
The monster effect "②: If this card set in the Spell & Trap Zone is destroyed and sent to the GY during the opponent's turn: You can Special Summon this card" is a Trigger Effect that activates in the GY. (It does not target. It can also be activated if this card is destroyed and sent to the GY during the Damage Step of the opponent's turn.)
The monster effect "③: When an effect is activated that destroys a Spell/Trap Card(s) you control, you can return 1 Set Spell/Trap Card you control to the hand; Special Summon this card from your hand" is a Quick Effect that activates in the hand. (It does not target. Returning 1 Set Spell/Trap Card you control to the hand is a cost to activate this effect. Also, it cannot be activated during the Damage Step.)
Continue with related public research
From this rulings page you can jump back into card data, set archives, tournament decks, banlist checks, and market movers.
Card database
Search Yu-Gi-Oh! cards, archetypes, stats, and printings.
Set archive
Navigate booster sets and inspect all cards in each release.
Tournament decks
Browse competitive decklists, player finishes, and archetype trends.
Banlist status
Check the current status of Yu-Gi-Oh! cards on the banlist.
Market movers
Track the top Yu-Gi-Oh! price gainers and momentum cards.