To be honest you can't really read it. Just looks like a bunch of tribal around a diamond shape. The first one looks like a cool font but could use work. Also when you go for a logo you usually want to make it a simple as possible, even with typography. The more appealing to the eye it is the more attention it will attract.
Also you should pm me if you want a legit logo. I'd be happy to do one for you, i do all arts for free now \o\