The dots are analogous to the stars of a character - it is the Mk of the mod. More dot = better stats.
the color represents the quality. The one on the left is a quality E, the one on the right is a Quality D. The quality represents the number of secondary stats are that visible. Quality E = no secondary stats on the mod right now, Quality D = 1 secondary... Quality A = 4 secondary stats.
All mods, when you level them to 15 will become Quality A. Through mod challenges, you can get level 1 Quality A, and this will give you higher values on secondary stats than if you started at Quality E because it will add to the pre-existing stats as you level up.
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the color represents the quality. The one on the left is a quality E, the one on the right is a Quality D. The quality represents the number of secondary stats are that visible. Quality E = no secondary stats on the mod right now, Quality D = 1 secondary... Quality A = 4 secondary stats.
All mods, when you level them to 15 will become Quality A. Through mod challenges, you can get level 1 Quality A, and this will give you higher values on secondary stats than if you started at Quality E because it will add to the pre-existing stats as you level up.