Loki has released a bonus preview card, in the interests of preventing confusion.
Loki's only keyword in this draft is Catalysed by Spells, as illustrated in this preview card.
Native Ground is a fairly ordinary hybrid green-red enchantment, yielding two effects somewhat typical of recent green and red creatures. But the global enchantment effects are less interesting than the keyword.
Catalysed by Spells provides an alternative payment method for a spell, and also lets that spell be cast at instant speed (it's still a permanent enchantment, just played any time you could play an instant). Here's how it works: the number and colour of spells which have resolved during this turn are counted, and if this tally matches (or exceeds) the mana cost of the spell being cast, you may cast that spell without paying any mana. Each previously cast spell only contributes once to the cost, but anyone may have cast those spells!
Note, unlike Affinity or Convoke, no half-way payment is allowed. Catalysed spells can't be paid half with mana and half with previously resolved spells... instead you either pay all the mana, or else you pay the alternative cost, which requires at least the number and colours to match the Catalysed spell's mana cost.
The trick is in the word 'match'... what does that mean exactly? Some examples are probably the best way to illustrate the meaning. Let's use Native Ground as a case in point. Native Ground costs 

so we know at least 4 spells must have resolved. But what colours must they be?
Four red spells would work. Four green spells would work equally well. Both these cases work because the
mana symbol means either red or green mana may be used, so a spell will count towards the Catalysed colour tally if it is either red or green. Because Native Ground has two of these hybrid mana symbols, at least two of the spells must be red and/or green.
Hence two blue spells, a red spell, and a green spell would also work. But three blue spells and a red spell would not work since you can't count the red spell twice. Even if you substituted a red-green gold spell, you can't count it twice.
It's really quite a simple and obvious mechanism when you think about it. I first had the idea when thinking about Affinity and how green, the anti-artifact colour, didn't really have an answer to the explosive growth provided by that keyword. I wanted to make a mechanism which would springboard off an Affinity deck's rapid acceleration and turn it against itself. (The same could be said of Storm cards.) The mechanic makes the spell instant speed so that you can springboard off an opponent's spell-casting, otherwise the keyword would be restricted to only instants, which would have been boring.
Of course, it's dangerous to allow spells to be cast for no mana. The fact coloured mana is still required at least in part by Catalysed spells is a concession to stave off brokenness, since you'd need to ensure two of the spells are red or green in this case, which might force you to use a lot of cantrips. The converted mana cost of 4 is another method to limit potential abuses, since there's no half-payment; casting 4 spells yourself in a single turn just to cast this spell for free should almost empty your hand. Of course, I'm sure there are ways to break this mechanism, but discovering them is part of the fun.
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