Yes this coin has been disappointing. Is it a scam? That is a tricky one, they have employed the same tactics as scammers would with all the hype and empty promises. But I think they were trying to fund the project completely through the premine (and the appreciation of the premine, hence the hype). This didn't work and it left them in a position where they had to decide whether they will break the golden rule of running start ups, and that is to use their own money. It does happen that people start with good and legitimate intentions but end up running scams because they hope to fix it all later. I don't think Strartjoin has gone down this route completely but time will tell, I think they still intend to run a legitimate platform, it is very unfortunate that they employed shilling and hype without substantial results to try and fund this project. Karl has tried to get additional funding as per last video update where he looked very uncomfortable. I can't imagine someone would want to invest in the Startjoin platform but no doubt there will be an announcement on Friday where he will reveal just that, I can't imagine he would have anything else to say, he said he was going to get investors and if he is announcing something "exciting" it could not be anything else (unless it is all lies, like before).
It boils down to this, does he want to lose face and be known as a scammer forever or does he genuinely want to have some standing in the cryptoworld. I think his ego wants the latter. I think he wants to make much more money than the £200K+ he can dump on the market, because he is a greedy arrogant arsehole. The fact that Karl bothered to do an update where he did not actually look that happy about the situation probably is a good thing, it might mean that he actually intends to do something for a change.
As for handing the coin to the community.... I think he will give it to Cris Ellis, if he wants it, they seem friendly on Twitter, Cris has a good reputation and is probably more competent on a bad day than any of the people before.
So on Friday, I think there will be an announcement of some investors in SJ, that SJ is accepting Altcurrencies pledges, that the site will be fully working (HA HA). And that the coin is being handed to someone less tainted. It will probably still disappoint people.
Ultimately this announcement, no matter how good or bad it is will not be important to me, the price might collapse, it might surge. From a technical analyses point of view it looks great long term (much more reliable than Karl). Look at the chart, ignore the hype and the FUD. Trade with stop losses! DO NOT BUY BAGS NOW WITHOUT MITIGATING RISK.
from a thoughtfulness perspective (and for how much a talk shit of this shitty run project) i have to agree with this.
mind you most ppl i'm sure have almost zero interest in this poorly run crap given the amt of bagholders and fuckery the coin price has seen.
BUT this could also translate to the usual whale play and lonnnggg term accumulation...now with some 'news' and potential life (and btc at 1800usd!) if this pumps it could be huuuuge gains. (but honestly it will prob just die out in price again lol).