Insurance Web3 Platform: Complete Build and Launch Guide for Creators

On the Spawned launchpad, the smart contract is configured so that 0.30% of every token trade (buy or sell) is automatically taken and sent to a reward distributor contract. This contract then proportionally distributes those tokens to all current holders based on their balance at the time of distribution, which can occur in real-time or at set intervals. This mechanism is built into the token's tax structure on Solana, ensuring automatic and transparent rewards without manual intervention.

Yes, and this is the recommended approach. Your platform's native token should be used for governance, discounts, and rewards—not as the primary currency for risk. Premiums should be paid in a stablecoin like USDC to avoid volatility risk for both the policyholder and the risk pool. The token can grant access or discounts on these stablecoin-denominated premiums. This separates the speculative/value accrual aspect of the token from the stable operational funding of the insurance pool.

On Spawned, 'graduation' is the process of moving your token from the initial launch pool to permanent, immutable on-chain liquidity. Once your token's liquidity reaches a successful threshold (e.g., 500 SOL), you can graduate it. This process utilizes Solana's Token-2022 standard to enable a permanent 1% fee on all token transfers. This fee goes directly to a wallet you control, providing a sustainable, long-term revenue stream to fund platform development, marketing, and operations, independent of trading volume.

The integrated AI builder saves significant time and cost. You can input prompts like 'create a site for a decentralized flight delay insurance platform' and it will generate professional page layouts, explainer text for how Web3 insurance works, sections for connecting a wallet, viewing active policies (as NFTs), and filing claims. You can customize it with your token symbol, branding, and specific coverage details. This eliminates the need for a $29-99/month website builder subscription or hiring a developer just for the front-end, letting you focus on the smart contract and business logic.

Creating a token refers to the technical deployment of the smart contract on the blockchain, defining its supply and properties. Launching a token involves creating initial liquidity pools (e.g., token/SOL) on a Decentralized Exchange (DEX) so people can actually trade it. Spawned handles both in one flow. For a full platform, you also need to 'launch' the business itself—marketing, onboarding users, and activating your smart contracts for policies. See our focused guides: [How to create a gaming token](/use-cases/token/how-to-create-gaming-token-on-solana) vs. [How to launch a gaming token](/use-cases/token/how-to-launch-gaming-token-on-solana).

This is a core challenge. Common Web3 models include: 1) **Community Voting:** Token holders vote on the validity of claims, incentivized by rewards for correct votes. 2) **Oracle Networks:** Use decentralized oracles (like Chainlink) to verify real-world events (e.g., flight data for delay insurance). 3) **Professional Delegates:** Appoint a committee of known, bonded experts to assess claims. 4) **Fractionalized Reinsurance:** Large claims are automatically split and covered by a network of backers. Most successful platforms use a hybrid model, starting with simpler, verifiable claims (like smart contract hack insurance) before moving to complex real-world events.