Bungie please implement a new reward method for Iron Banner. Either something like umbral engrams or maybe something like trials, where there's a loot rotation. Each day of the week there are 3 new items. 1 of 3 items drops after either 3 wins or just 3 games and you can completely remove tokens. 7 losses or 4 wins is way too much for a single chance at 1 of 20 items. And then you have to worry about the perks on top of that.
It is absolutely ridiculous target farming any weapon in this God forsaken activity. I've spent 23 matches, done Saladin's Gauntlet on all 3 characters and completed the 4 bounties for a total of 4 characters over the 2 events so far.
Despite spending that amount of time, I've only received the 3 Time-worn Spires from the quest line and each of them dropped with Iron gaze.
I've spent easily a total of 900 tokens and haven't had a single drop from the vendor, it's absolutely absurd.