I completed both the High Score and Cumulative Score, and after my last round at the Challenge of Elders i went to see Variks and he gave me a package "similar to ranking up with the faction"
But my Elder Sigil is still in my inventory. Do i have to discard it? Theres no more quest sign over Variks
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I discarded mine and bought a new one just to see what would happen, when I bought it again my old score was on the new one. So discard or not it is useless. Variks will have a new one different next week