Every other game I’m aware of or have played in which there are seasonal ranking systems, you earn rewards for whatever rank you are when they reset.
As a for instance, I play Magic the Gathering Arena, and the ranked season just ended, and since I was platinum this season (I didn’t play much the last month or so), I received free card packs, free gold (in game currency you get for doing challenges), some gems (in game currency you usually buy with real money), and some experience for the mastery pass. Its a phenomenal system that encourages you to actually PLAY RANKED for more reasons than just a number that can be taken away at the devs’ discretion.
We should have gotten something when they reset the ranks. It wouldn’t even have to be something complex, maybe just a nameplate, an emblem, a skin or ANYTHING besides a “good luck with that”. I mean, they reset the ranks without asking if anyone really even wanted that, and didn’t seem to do anything to change how the ranked system even works…
In my opinion Ranked is very unrewarding currently. The only reason I care to play it is to get my Onyx back. At least the first time around we got emblems and a weapon charm.
This is very basic stuff conceptually.