The Ring gains its abilities in order from top to bottom. Once it gains an ability, it has that ability for the rest of the game.
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If the creature you choose as your Ring-bearer was already your Ring-bearer, that still counts as choosing that creature as your Ring-bearer for the purpose of abilities that trigger "whenever you choose a creature as your Ring-bearer" or abilities that care about which creature was chosen as your Ring-bearer.
Each time the Ring tempts you, you must choose a creature if you control one.
Magic: The Gathering · ™ & © Wizards of the Coast · Illus. Jonas De Ro
Card data via Scryfall. Rarix is fan-made; not endorsed by the rights holders.
