“The Meaning of the Gauntlet” explained by Cyborg. 

In life there is no glory without sacrifice and everyone will have to go through hardships wether we want to or not.
The Gauntlet symbolizes our ability to go through those hardships without quitting.
Whoever goes through the gauntlet holding their head high will undoubtably come out a better man / woman.
That is the meaning of this tradition.
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