Combined with this great Rakdos commanders activated ability, youre essentially also getting generic mana on top of whatever benefit you paid for with cards like Bolas's Citadel or Necropotence
Spoilers: This didn't go very well
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Two mana for 3 damage is always premium removal, and this has some pretty relevant dragon upside that can make it an even better removal spell So, the Equip cost here is obviously really steep, and +2/+0 for a single Red mana would not be an awesome combat trick, but in this case were talking about a combat trick that has the stats boost stick around in one form or another
Generally, it's safest to use matte sleeves, or even better yet, dual matte, for tournaments or other organized play