Quoting Keith Goldman
Wasn't sure we'd see you in the Thunderdome, but I'm glad you have decided to join the battle. You'll be a formidable opponent for the veterans to handle. Your flag is impressive, the most aggressive looking of the newcomers, did you try a full circle, or was this always the concept? Good luck Absurde.
The initial idea was to have it on the left only, with a round gear in the center, sort of like an eye with a tattoo, but it didn't turn out as well in the shot as it looked in hand, so I went with this instead.
Going full circle would have probably been too bland.