So yea i guess its supposed to be the "new and primary way to get the iron banner gear" and so far all ive seen is blue engrams, motes and even empty loot tables on a victory -_- wtf bungie, why dont you just ask gearbox to come fix your loot issues because clearly you guys have no -blam!-ing clue how they work
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They are not going to give you everything before you even hit rank 3. If so that would be pointless. The higher in rank you get the more stuff that will drop along the way. If you do not want to grind it out then wait until the weekend when it is insanely easy to max rank.