I'm loving the explorer mode.
Fantastic idea and hope it opens into other things for solo players.
I wouldn't have the loot the same as for playing dungeons (maybe raids in the future) properly (with the difficulties as they would be normally), maybe give old season exotics and legendaries or something?
Anyway, I don't care about the loot, I'm just really enjoying the gameplay option.
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Explorer Mode is great for the health of the game. It gives players a way to learn the dungeons that isn't throwing them into the deep end and hoping they "figure it out".