Its the symbol of when Kayne West graduated from Yale. He was apart of a secret society because he had a 5.9 GPA and when he graduated that was the symbol revealed to him. Somehow Bungie got a hold of it and used it for Dead Orbit because Kayne is black.
By the way i just wasted your time..
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Thinks he wasted our time, actually got it right.. Year 2 guys :P [spoiler]sarcasm, because some people can't detect it[/spoiler]
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