Is Corruption of Towashi legal in Standard, Modern, and Commander?

Corruption of Towashi is legal in: Modern, Pioneer, Legacy, Vintage, Commander, Historic.

Corruption of Towashi

Q: What type of card is Corruption of Towashi?

Corruption of Towashi is an Enchantment. Its oracle text reads: "When this enchantment enters, incubate 4. (Create an Incubator token with four +1/+1 counters on it and "{2}: Transform this token." It transforms into a 0/0 Phyrexian artifact creature.) Whenever a permanent you control transforms or a permanent you control enters transformed, you may draw a card. Do this only once each turn."

Enchantment

When this enchantment enters, incubate 4. (Create an Incubator token with four +1/+1 counters on it and ": Transform this token." It transforms into a 0/0 Phyrexian artifact creature.)