Honor System Rewards

Hello there.

As I was replying to some topic on EUNE forums, I actually thought up of a system that would reward players that get honors a lot and also gives incentive to honor other players. It would work like this:

1. If you get honored you get bonus 10% IP for next 3 games. It stacks with numbers of honors.
2. If you honor at least 1 player - you get bonus 5% IP for the next game. Doesn't increase with numbers of honors given, just a flat 5% bonus.
3. For every 100 honor points you have you gain 1% bonus IP for every game, stacking up to 20% at 2000 honors.
4. You gain 10% bonus IP as long as you maintain a Crest of Honor (Ribbons).
5. Bonus IP is immidiately removed and disabled if player gets punished (chat restriction, ban) for the duration.
6. Bonus IP is not granted if honors are distributed among premades.

I know that it wouldn't give anything to players who already own everything in the game that is obtainable by IP, but majority of players doesn't own everything.

Anyway, what do you guys think about that?