DeeJ just posted on Twitter that Faction Rally will be postponed, until it can be made available to everyone.
Link to the Tweet here: https://twitter.com/DeeJ_BNG/status/940361654063079424
This information also is included in the new Blog Update here: https://www.bungie.net/en/Explore/Detail/News/46537
Thank you to TuxyDoh for making me aware of it. I've missed it initially.
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And I was waiting for this to?, cheap ass players!