The lack of emblem for completing Master of All is a let down. Other then bright dust, there is no real incentive. The emblem was at least something to draw players in.
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This is what the players wanted. Easier access to bright dust and no bounties, but they come in the form seasonal challenges. You add up the challenges, bulk bright dust and the season pass. You get about 20k on bright dust. Very hefty amount for just playing the game and knocking out challenges.