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The growth of ICO

As the Cryptocurrency is growing more faster. ICO, initial coin offering, is becoming more and more common nowadays. Just like IPO, instead of offering shares of company, firm will raise money by given cryptocoins. This train is runing like light speed and there are more people wants to join in this game.

But to be honest, it was not until this week I saw the news that China had banned ICO that I knew what ICO was and how big it was. I'm curious how high has ICO climbed. I download the dataset from CoinDesk, a website dedicate to focus on the cryptocoin market and track ICO activities.

The dataset can be downloaded. And it has 6 columns, the sample data is the following,

Before I visualize the data, I use Pandas to groupby the data based on the year of the open date then do the aggregation. Finally, the data is categorized into 4 different year group with the sum of the ICO cap size and ICO events count. Then it can be easily visualized with bar chart. We can see from the chart the ICO is like in the ROCKET.

This bar chart was inspired by this Bloomberg articles Bitcoin Comes Clawing Back After Selloff on China Ruling: Chart. Data from CoinDesk.

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