This is how i see it, it’s not that big a deal.
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Covenants - Class Order Hall
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3 Soulbinds - 3 Artifact Weapons.
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Condiuts - Artifact Relics.
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Legendary gear crafting - Better than RNG Legendary drops of Legion
Edit: If we really wanna go in depth the Renown for your Covenants is the Suramar rep grind and story progression. Oribos is Dalaran,
I’m surprised people havn’t noticed how similar Shadowlands is to Legion =P