The Hall of Fame keeps record of the top 100 players for RP, Fame, Collection Points, Experience and Guild for each season. Season 7 is the first season to have a Hall of Fame on the global servers.
The rankings can be checked following the link to the original Reddit post.
The top 100 ranked players receive the False Start icon.
The #1 player in each category (only the guild master for guild) will receive the Hegemony icon.
In addition, depending on the Rank Point and Fame ranking extra rewards such as skill exchange tickets (t4-t6), Hermes bags and Postcards of Nobility can be obtained. Higher rankings yield more items and higher tier exchange tickets. If you qualify for both rank and fame, you will receive rewards for both.