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
The team is working. At least we are assured that sooner or later the exchange will be fully launched and it will attract many people. Although most of the cryptocurrencies projects are unsuccessful these days, Covesting is doing well.