Its not horrible, but there are just better options when it comes to starters
It is fine to put into play and fine to get just one attack out of it as well making it very effective with a large number of the cheat in cards
That almost turns them into colorless mana dorks, and means that you'll be able to destroy your opponent's creatures in order to ramp your own mana base
The drawback, of course, is Tevals insistence on taking a toll every time you cast a spell, shaving away life equal to its mana value
A permanent with Fading would enter with a certain number of counters on it, and its controller would remove a counter during their upkeep
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