Yeah, there's no right and wrong answer the question and I see reasons with your thought on it.
Academic excellence has happened and can go on without incentive rewards but it isn't very out of place to do it sometimes.
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Help is always welcome, a reward for those who have dedicated themselves. I just think it's risky to reward with cash, it could be dangerous, but in any case I think it's nice to highlight those who are really giving themselves to be the best at something.