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can someone explain fully the math of the 1K challenge reward?
I don't get what the limit is, and by the time I get there I'll probably have 50 might skill levels in every skill from doing DRCs so making it only useful to level 40 sounds fishy.
It increases the speed you can level up might by 5%. So if you do 40 1KCs, you can level up all mights 3 times as fast as without any 1KC. The up to 50 levels you can get from DRCs are only a headstart which means you don't need to level up the first 50 at all.
The more you use might the better the 1k reward is. As Ryu pointed out 50 might is a drop in a bucket when you're talking about trying to farm the v2 ultimate beings. With 40 of the 1k challenges done you can reach the might skills in a much more timely manner. And the reason you'd farm v2 ubs vs speed runs is simply because you can mostly afk the v2 ubs vs all the extra work into speed runs would get boring and you'd do less than 2 or 3 hours of it at a go vs being able to do much longer farming on the v2 ubs.