From Bungie Update 11/13/14:
Acquire exclusive Iron Banner rewards.
Increase your Rank to unlock better gear
Reforge weapons to reset progression with new perks
Earn gauntlets and boots to move you closer to Level 30
See Lord Saladin for details!
From Bungie Update 11/17/14:
Event: Iron Banner
Players must now be level 20 and above to lead an Iron Banner Fireteam
Players below Level 20 can only accompany players above Level 20
Lord Saladin now has 5 reputation ranks (increased from 3)
New Features Added: Tempered Buff, Reforging
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