Believe so.
All my legendary engrams drop at 300 allowing for a +5 mod to go on.
I've had nothing over 305.
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Technically if you can get drops at 300 with slots for +5, the Level cap would be 340. But Bungie as far as I know has themselves said the Cap is 350
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Its not a total, I see you did 8x5=40 with the 8 being the number of items with power levels (3 guns, 4 armour, class item) and the 5 being the number each mod will add. But our overall power is an average not a total. Easy mistake to make mate, don't feel too bad.
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No😂😂😂😂 Full gear with mods adds 4 light not 40. 😂😂😂😂😂😂😂😂😂😂😂
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5 light Jesus is it so hard to remember?
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How do you get 340? Its an average of your gear so if you have all 300 with plus 5 mods on each piece your average power level would be 305
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Bungie said cap till prestige raid is 305