Its most useful effect is its +1 ability, as it lets you cast spells for free, untapping artifacts and lands after using them
"When it oscillated above a particular frequency, the stone induced acute listlessness in several researchers." Consulate engineer's log Illustrated by: Steve Argyle Multiverse ID: 425811
An opponent chooses one of those cards
However, as the player bringing Hokori to the party, you're able to plan accordingly, filling your deck with alternative means of creating mana, namely in the form of artifacts
Theyre very valuable even if you dont use them in your decks, and often useful in another format
It was often used in decks that focused on stalling and healing