Hello all, I was wondering are you allowed to trade these "fake" rings in for honor? I assume they basically dissolve when they enter the claimed ring pool? I was thinking that this would be a further way to make an honor win with the new Ancestral Shrine, and likely make Roving Michibiku more useful.

You cannot use 'fake' rings to pay the cost (pre-dash) of Ancestral Shrine (put the ring/s into the unclaimed pool).

Even if you are also paying with real rings, the fake rings can never be in the unclaimed pool, so you would only gain honor for real rings.