Noice

Do I just need to hold COV on the exchange or what's the dealio here? How can I qualify?
As I read and asked, you can hold them on any external ERC-20 wallet, but it would be better to have them on Covesting because youll be unable to receive no-erc20 airdrops in that external wallet.
Yep, definitely makes sense, I had asked in their TG channel a week ago and they explained this there. By the way, can't say this enough - they have awesome customer support there