It’s basically just another title but a less compelling one. This is also why the 750 commendations is too high. At the very least it needs gilding, but honestly it should have been much more involved and substantial. Everyone being a 6 is boring and meaningless. Grinding to have a 7-10 is not compelling. There needs to be something else displayed by people’s names besides a meaningless number.
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They are bragging rights, nothing more. They literally do nothing for you, they don't mean you are good at the game or bad. They are just to brag at players who will just ignore you.