The "wipe" only gets rid. If the perks, it will maintain a base 300 damage and then gets upgraded from there.
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I agree. I don't know why so many people have read my OP as passing judgement. I just want to make sure that people have all the facts and because all of the information we have now says that fully upgraded exotics and brand new exotics will be treated exactly the same, then waiting makes a lot more sense. Many people likely have legendaries that they can level during the next 1.3 weeks (or so.)