It even has a competitive EDH side to it, looping cards like Dakmor Salvage over and over
The ability We Are One gives +1 Strength for every other Toy character in play, easily pushing this cards offensive power to respectable heights, while He Has Been Chosen allows you to cycle Alien cards from your Discard pile
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If the enchantment copied by the token had any "when [this permanent] enters" abilities, the token also has those abilities, and they'll trigger when it's created
Separately, these specific abilities arent exactly top-tier, but Formidable Speaker is one of those cases where it is greater than the sum of its parts