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Motes turn into rep which turns into coins which turns into exotics
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Not if you need to rank up your guns and armour quicker. Got my first hawkmoon yesterday. Took about 12 motes to rank that baby up to the max
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Faction rep dude.
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Other than that and weapon leveling there's not much cuz engrams cost coins now
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Notes to infuse, also. There really important now.
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Yeah that kind of pissed me off.