Not Honored because my team is great
With the new honor system, each player can only honor one player. But I've played in games where we had a great shot caller, a person who really kept a spirits high, and a person who told jokes and made us smile. AND all 5 of us played well enough to win the game. But, under the new system, I can only honor 1 out of the 4 amazing players. That's punishing 3 amazing and positive players for not being even more amazing. I get that by only honoring 1 player it's supposed to make receiving honor special, but maybe having tangible rewards (like the key fragments) come from receiving honor is enough to make it feel special. You can get free skins and add-ons to the game if and only if other players take the time to recognize you for doing something they liked. That's pretty amazing already.
At the very least, I would suggest making it so you have 1 of each category to give out. So in the same scenario above, I could recognize the good shot calling from one teammate, the friendliness from the other, and the perseverance of yet another teammate.