Guardian rank should be: NL (New Light), D, C, B, A, S based on:
• Campaign completion
• Exotic collection
• Nightfall records
• Dungeon/raid completions
• Etc.
Example: A rank should require at least 1 completion of each dungeon and raid. S rank should require master raid and Grandmaster nightfall completions.
Seasonal ranks should be merged with weekly seasonal challenges. Rank 1-10 will be added to your guardian rank and shown on your name tag. (I.e. A-7, B-3, or S-10). Weekly challenges would be restructured to be in ascending difficulty and remove "challenges" that are simply to finish the campaign. Instead, merge those rewards with completion of the quest line.
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Additional point: It should be possible to drop down guardian rank(s) if, for example, by the end of a season, you haven't completed the new raid/dungeon yet.