The MK1 is a really powerful device and shouldn't be dismissed quickly. This is a good pairing with my "How to make any song" video (ua-cam.com/video/yyD_W8nziGY/v-deo.html ) as I talk about more techniques there. This is again, one of my most powerful tutorials. I hope you enjoy :)
Here are the effects we can do on the MK1: Radio, Auto Riff, Harmony Manual, Harmony Auto, Oscillator Bot, PreAmp, Stereo Enhance, Twist, Gate Reverb, Reverse Reverb
Also, I cut adding Reverse Reverb and Gate Reverb to the list of effects in the video. It was getting long enough as it is DX If you're curious on how to make those effects on the MK1 too, let me know in the comments :D
If you would like to learn about this device in detail, I've made a playlist of every effect on this device that you can find here: ua-cam.com/play/PLtIdtS-zlD5l-x0_dvZDhfboWnPrzEnWv.html