-Exotic bounty/quest for every exotic. As a bonus, it can add lore to the armor and weapons from the grimoire cards and make it fit within the criteria for getting the item!
-The ability to craft weapons and armor by learning(by meeting some criteria) the perks to swap out on guns.
(so you don't like that random legendary AR? well because of your hard work you can make it more fit for your playstyle!)
-Iron banner rewards people who benefit the team more.
-Challenges: give out ghost shells/sparrows/emblems/etc to people who complete challenges (get this achievement/get X amount of assists/kills/etc)
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Don't be silly, this would be far too logical.