You don't turn them in, they get automatically redeemed for rep when you win an iron banner match after the losses that gave you the medallions
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but the very first medal I got, I went to the guy and turned it in for a mote of light. I don't understand.
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I think you're confusing it with the Tempered buff. They share the same icon. You bought the Tempered buff for a mote, and it increases IB rep gains for 12 hours. Medallions, on the other hand, are automatically redeemed for rep on wins.
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Ohhh, that makes sense now. Thank you for explaining that cause I was stressing out. thanks bro.