If this haven't been suggested already, I will be very disappointed.
SPARROW-EFFIN-RACES!
It could work just like the Vanguard and etc. You would gain reputation and marks doing races, upgrading your 'race sparrow,' buy/win race shaders and overall have an awesome time racing each other!
Races: You would have to buy yourself into a race with either glimmer or race marks, allowing the game to create a winner roll. Players can spectate races and bet glimmer on their while keeping track of upcoming tracksters on the race leaderboards.
So, how about it, Bungie?
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They might have this on there to-do list already. As this is always been asked for. EVERY week.