X% that you get an exotic to drop from any activity that drops them
-THEN-
14.3% chance it will be the slot you are looking for (1/7)
-THEN-
14.3% chance of your exact item dropping (1/7)
If you see an exotic engram on the floor, that leaves a 2% chance it will be Transversive Steps.
English
-
I've opened 50+ exotic boot engrams with no Transversive Steps. There are 7 unique exotic boots in the game. Unless bungie confirms, I assume Transversive Steps has a significantly lower drop-rate from an exotic boot engram than any other exotic boots in the game.
-
Well you assume wrong. Bad RNG is all it is.