At Honored, players can purchase Restorative Amber, which is like Major Dreamless Sleep Potion with a vanity effect. They can also buy a wide assortment of Justice Points gear and Blacksmithing recipes. To grind rep with The Klaxxi, you'll have to do a long questline in Dread Wastes starting with Psycho Mantid. This should get you to Honored, where there are at least 6 quests available from the Paragons you freed. At Revered, you free two more Paragons, who give you additional daily quests.