You can only use the 1st and 2nd effect of this card’s name each once per turn.
(1) If you control no face-up monsters other than Insect monsters: You can discard 1 other Insect monster; place 1 “Battlewasp Wind” from your Deck face-up in your Spell & Trap Zone, then Special Summon this card from your hand, also you cannot Special Summon from the Extra Deck for the rest of this turn, except Insect monsters.
(2) You can banish this card from your GY; reduce the Level of 1 Insect monster you control by 1.