A participation ribbon might well have motivated me at age 6, and frankly I doubt both the morality and common sense of anyone saying a six year old is too happy at a swim class. Keeping kids involved at that age seems like the biggest goal.
On the other hand, I have annoyed memories of getting participation ribbons at 15 for doing terribly in races. They felt downright insulting, because I knew exactly how I'd done and I was basically getting a ribbon for taking a bus to the meet.
A shocking number of educational issues seem to boil down to "6 year olds are not 15 year olds". That, and "offering things is better than enforcing them" - participation ribbons are way better than banning score-keeping, which I also got to see.
I think the natural bias to put discrete values on things existing on a spectrum is where is all stems from. "We want to keep things simple, so here's this recipe for self-esteem" as opposed to "here's an age-based breakdown of ways to build self-esteem". Even then, the "enlightened" example is missing loads of other conditions, like if the person suffered emotional abuse or has automatic negative thoughts.
Also, banning score-keeping is the naive approach. I think an interesting one would be to add a game score & encourage both teams to collaborate to increase it. I don't know how it'd effect things, but it'd be fun to find out!
I time the runs myself on my phone so the email has little real purpose, but for some reason it's very satisfying to know that my efforts have been logged in a database.
I'm unlikely to ever hit the top 20, so this is very much a participation trophy. Maybe they can be motivating after all?
(Take with a grain of salt. My only experiences with raising children involve raising myself & my parents over the past 1.5 years.)