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In Cataclysm, we’ll be seeing an upgrade to the current guild system with a guild “leveling and rewards” system. Basically, you’ll be able to complete various activities to level up your guild, unlocking features, items, heirlooms, and even cool looking mounts. A couple of clarifications were made by Blizzard, first and foremost, guild rewards will have 3 requirements that you need to fulfill to acquire them. Your guild will first need to complete the specific achievement, then you will need a certain reputation with the guild, which you can gain by completing quests. Once you gain enough reputation with your guild, you’ll be able to buy the reward with gold.
Read more Here
Read more Here