Its Devs and yes its 1.3% of the total POW Coin Cap. Thats the way they did the math. Doing the math your way the Devs had 100% until the 37 GH/s mining Network hit during the mining bonus which was supposed to even it out. We still have 27 GH/s Network mining for those 1.9 coins per block. You must of missed the mining bonus. I recommend you start mining now and if you want to become a holder you know what to do and complaining about things is not gonna magically make the Devs coins show up in your wallet. So either engage or go elsewhere its up to you and make sure to read the disclaimer in the OP.