I've seen exotic class items listed for Destiny in a couple places across the internet. I also read in a couple places (these places being wiki and the like, so not getting too excited) that these items are sold by the three faction vendors. That's all I've seen on them. I was wondering if someone knew anything more. I feel like a bunch of people are going to be like: Dude, everyone knows...
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I could be wrong but I believe the Exotic Class Item from the Factions are 'Faction Champion' class items that become available for purchase once that Faction's rank hits an insane level 20. 20?! Really?!