So lets assume every bounty every day was possible. Lets assume they're at a 75 average as every queen bounty I've seen has been 50 to 100. That gives us 450 rep per day. So.
Day 1 - 450/1000
Day 2 - 900/1000
Day 3 - Turn in one bounty to hit rank 1 (assuming theres at least 1 100). The remaining 350 is multiplited by 1.2 1 to become 423.5. So we have 423.5/3000
Day 4 - 968/3000
Day 5 - 1512.5/3000
Day 6 - 2057/3000
Day 7 - 2601.5/3000
Day 8 - Turn in 400 points of bounty to hit 3000. Leaving you at 1.5/5000 with one 50 bounty to turn in, but you get a new item.
50*1.331 = 66.55 + 1.5 = 67.05/5000
Day 9 - 450 * 1.331 = 598.95 -> 666/5000
Day 10 - 1264.95/5000
Day 11 - 1863.9/5000
Day 12 - 2462.85/5000
Day 13 - 3061.8/5000
Day 14 - 3660.7/5000
So even with every bounty completable (by this logic) it would have been impossible. I haven't payed attention every single day so I don't know the actual number spread of bounties. I know one day I had 525 rep worth of bounties but I havent really payed attention every day. I was just going by averages here.
If every bounty had been worth 100, it would have still taken until day 13 to hit rank 3 (granted you would only need to do 1 bounty that day.)(Didn't feel like wasting the page with every day again)
If there were 525 points every day, you'd need to do every single bounty to hit rank 3. (which is of course impossible because of the shader/item/emblem bounties.)(Ditto to above)
Also not quite sure the decimals work like that for rep but whatevs.
So either they screwed up, or this event will indeed show up more than once.
Yes I probably went into this too much.
Also dunno if it actually is 5000 for rank 3 as I have yet to have anyone confirm it, its just what I've read
Edit: I just turned in 100 point bounties with the helmet on and they gave 181 rep o.o
Will test with the pvp ones later.
Edit2: - Well my buddy just turned in a 50 point one with just the shader and emblem on, and got 181. Then got 90 rep for an 100 point one. So I dunno what the hell is going on.
Edit3: - So I think they changed the values of bounties without changing what it shows us. So the 181 are 150 ones multiplied by 1.21. And the 90 point one was a 75 point one. So maybe they are paying attention.
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Each piece of queens gear or items increases the rep gain by 10%