No. Studies have shown that when a person has an award of dubious value bestowed upon him or her, the overwhelming emotion is embarrassment. Semantics and intent are important. Providing mementos of events is absolutely fine, provided they are not presented on the basis of some amoeba-like ‘achievement.’
In other words, parting gifts and consolation prizes are all good. Recognition for showing up is fine. Just don’t call it a win or a victory.
Second place is first loser.