Many people have this emblem equipped just to have an appearance. I saw this guy (actually a kid) with the emblem and some ToO weapons you can only get by going flawless. Something told me he got carried, especially when his grimoire score was low. So I went to his profile and saw that his ToO k/d is lower than 0.60 and that his all time crucible k/d was not even 0.70.
Edit: I see a lot of people misunderstood what I was trying to say with my grimoire comment. Grimoire is mostly experience and playing time. It's basically a score based on many volume achievements. The more you play, the more experience (grimoire) you gain. My point was that if someone has low grimoire, it is likely that person is not very experienced, which means he (or she) probably got carried.
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My crucible KD I believe is above a 1.0 my trials is probably around a .75 though I've been flawless 3 times with the same teammates. They're both PvP experts and I just play PvP casually. BUT saying the exotic emblem is misleading is a lie. Crota gave an emblem and so did Skolas. Crota you could pull the Lan cable and Skolas Ghorns burned him in the first couple of weeks. The emblems just show that you were able to finish something even if it was by less than normal methods. Some people are scum and pay to get carried through Trials but even so they've completed it, even if they didn't help.