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Xûr, The Agent of The Nine should be your best friend if you're interested in exotic armor. He comes on Fridays and Saturdays.
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Bungie has stated that getting exotics this way will be much more difficult and time-consuming in the final game.
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Until he decodes an Engram that turns out to be either something useless to You or something You already have....
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Isn't he everybody's?!