As it says on the page
"like a Teleport to Friend token, whisking you across Tyria to a party member’s location—but doesn’t disappear after you use it. Just give its internal reactor an hour to cool down and you’ll be ready to teleport again."
According to the patch notes this item costs 800 gems IE $10, why was this item given such an absolutely monstrous cooldown time?! Surely 15 or 30 minutes is far more reasonable then 1 whole hour......
I cannot honestly ever see myself buying or using this item when the consumable version has 0 cooldown. If this item gets a change to make its cooldown more reasonable it could be a very healthy thing to have but at current it's an over priced waste of time.