The effect that is applied when the activation of this card resolves is the effect that Special Summons 1 "Shaddoll" monster from your Graveyard. (It targets 1 "Shaddoll" monster in your Graveyard. It cannot be activated during the Damage Step.)[1]
The effect that activates 1 of the "●" effects activates in the Graveyard and starts a Chain Link. (Banishing this card and 1 "Shaddoll" card from your Graveyard is a cost to activate this effect. It cannot be activated during the Damage Step.)[1]
You choose which "●" effect to activate when this effect is activated. (Neither "●" effect targets.)[1]