202.2 An object is the color or colors of the mana symbols in its mana cost, regardless of the color of its frame
This equipment is a cheap and efficient way to grant just that
(Okay, technically I have a third option to do some of each.) Using -1/-1 counters as a cost essentially lets you swap power and toughness between creatures
Denry Klin is a legendary creature with the ability to enter the battlefield with a counter that grants first strike, vigilance, or +1/+1
While the breadth of Modern discard makes this less of a problem, there are still matchups where Thoughtseize isn't very good, such as against decks like Dredge that want cards in their graveyard or against Burn, where the damage you take is relevant
Check out the pairing of Iroas, God of Victory with Dolmen Gate