Because its not proof of stake. Its proof of storage. So chain may be super decentralized and offer everything you need while distribution of native token may not be decentralized.

I've checked distribution and its 64 XCH per 10 minutes = 9 216 per day = 3 363 840 per year while current circulating supply is equal to 1,582,223.00 XCH. So its exactly how i said. After 3 years circulating supply will go up to 11.5 mln and CEOs 1 mln coins will be less than 10% of supply. 5% after 6 years.

Satoshis 1 mln BTC is more than 5% of current supply. Is BTC not decentralized? 12 years ago satoshi also had majority of BTCs