It's only 10% of the supply. Dev subsidy disappears on halving. And it's split 5 ways... In to 5 addresses. 2 for each dev (you do realize this is their full time job...), 2 for each of the three investors, one of which is Ver.
Just to add further to this, much of it is also reserved for bounties, and note, if the devs stop working on the coin then the coin will die, people will stop mining it and stop trading it and they lose the value of their subsidy. So it's an incentive to keep working for years versus a premine where they get the loot all up front. Think of it more like a paid salary.