Found my answer to why we are on so many coins.
The first mined block had a reward of 21000000.00000000 RUP and of course really easy difficulty.

https://www.blockexperts.com/rup/height/1

Then block 2 onwards was 50 coins.
https://www.blockexperts.com/rup/height/2

This means 21m of 21.938m are in the devs hands presumably. This makes this totally uninvestable.