Hello!

As I was going through the new cards for the All and nothing pack soon to come out when I cam across "Perfect land Ethos", an event that costs 2 Fate which reads: -Action: Discard each status token.

Am I understanding correctly that upon playing this card, all "dishonored" and "honored" tokens on characters in play are automatically removed from play?

Thanks for the clarification!

Correct, this removes the honored and dishonored status tokens on characters.