Any enters-the-battlefield abilities of the copied permanent will trigger when the tokens enter the battlefield. Any "As [this permanent] enters the battlefield" or "[This permanent] enters the battlefield with" abilities of the copied permanent will also work.
If the copied permanent had {X} in its mana cost, X is 0.
The tokens copy exactly what was printed on the permanent and nothing else (unless that permanent was copying something else or was a token; see below). They don't copy whether that permanent was tapped or untapped, whether it had any counters on it or Auras and/or Equipment attached to it, or any non-copy effects that changed its power, toughness, types, color, and so on.
Last observed on Scryfall 2 months ago at $5.30. Over the trailing 90 days the price moved between $0.43 and $5.71 across 89 observations. Cross-checked across TCGplayer, eBay sold, Cardmarket EU, and Star City.
This printing is one of 2 catalogued treatments from SLD — the lineup includes Showcase alongside the standard finish. Across our catalog the Rarix library tracks every variant in the same family so collectors can compare price, scarcity and demand inside a single lineage.
Card #272 of *Secret Lair Drop*, the set that shipped alongside the April 2021 Secret Lair Drop release.
Card type: Sorcery, color identity blue/white, printed at rare. Rares occupy the bottom-of-pack rare slot in standard boosters. Mana cost: {3}{W}{U} (5 converted).
Legal in Legacy, Vintage, Commander, Brawl, and Historic.
EDHrec ranks this card #4,561 in Commander, putting it in the niche-pick tier of the format's playable pool.
Illustrated by Justin Hernandez & Alexis Hernandez. Rarix catalogs 62 other cards credited to this artist.
Magic: The Gathering · ™ & © Wizards of the Coast · Illus. Justin Hernandez & Alexis Hernandez
Card data via Scryfall. Rarix is fan-made; not endorsed by the rights holders.
If the copied permanent is a token, the tokens created by Fractured Identity copy the original characteristics of that token as stated by the effect that put it onto the battlefield.
If the copied permanent was copying something else, the tokens enter the battlefield as whatever that permanent was copying.
If the exiled permanent was a commander, the tokens won't be commanders.
