So the devs will keep producing free IONs with
their premined coins sitting in masternodes then use those free coins to produce more masternodes to get more free coins?

Yeah, but they're nice people. What could possibly go wrong.
And this is why you will never make any real money. Stick to your jobs, music career & sports I'm sure they have got to be more rewarding than posting here
For the correct information that has said many pages ago,
the premined coins are sitting in staking wallets and the addresses have been made public!!!
Where are the million or so missing coins that they staked previously to moving said coins and posting the address? You keep skating around this one. Answer this question.