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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The point of the Seasonal Challenges is literally to give you more Bright Dust each season, not everything needs to give you an emblem. This community can't make up their own mind... First everyone complains about not having enough methods to get Bright Dust. Then Bungie creates a Challenge system to get 10K Bright Dust each season and now people say there is no incentive to get it done...