The symbol looks confusing and busy due to the shapes, colors and letters.
Solution: A more simple symbol, using the colors in a less chaotic style.
1.2 Letters on symbol:
The letters are not readable and hard to memorize all the shapes.
Solution: Discard the use of letters on the symbol.
The letters are too close, thus making the shapes definition low. The spaces between the word make the reading not fluid.
Solution: We can improve the lettering appearance by choosing another typeface and making it look like it has less words.