Marketplace/Social E-commerce Site needs a Logo+Symbol Design

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This customer received 102 logo designs from 38 designers. They chose this logo design from Sergio Coelho as the winning design.
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Logo Design Brief
We are building a Social E-commerce website and are now looking for a Logo Design. Our website will connect customers with a variety of services and products from merchants who will advertise their products and services on our website. We want to have a logo that will stick to customers' mind and remember it when they are looking to find a products or services based on their budgets. Also, the colours of the logo design are important since they will set visual tone of the brand for front-end development of the website.
Updates
The logo mark/symbol design as well as the text should be appealing to the consumer, since we are a marketplace/E-commerce site. The logo design should stick to the consumers' mind as the place where they can find what they need at the prices/budgets they can set themselves. Added Saturday, November 15, 2014
Target Market(s)
Our consumer population is between 18 - 55 y.o. ....Some of the companies playing in this Social E-commernce market are: Groupon, LivingSocial, Yipit, Woot, etc...
Industry/Entity Type
Building
Logo Text
PriceMet
Logo styles of interest
Emblem Logo
Logo enclosed in a shape



Pictorial/Combination Logo
A real-world object (optional text)



Abstract Logo
Conceptual / symbolic (optional text)



Character Logo
Logo with illustration or character


Wordmark Logo
Word or name based logo (text only)


Lettermark Logo
Acronym or letter based logo (text only)



Font styles to use
Look and feel
Each slider illustrates characteristics of the customer's brand and the style your logo design should communicate.
Elegant
Bold
Playful
Serious
Traditional
Modern
Personable
Professional
Feminine
Masculine
Colorful
Conservative
Economical
Upmarket
Requirements
Must have
- The Logo design could have a Mark/Symbol or it could be just text. We are looking for some original and genuine ideas to make our brand stand out. The logo mark should be simple, less is better. Also, it should be scalable, whether it is as small as 16 pixels X 16 pixels on a favicon (Website Icon) or blown up as large as 30 foot billboard. The logo /mark design must be timeless, we want to avoid a trendy look because it tends to add an expiration date to the company’s identity.
Nice to have
- The design should have an interesting concept, preferably to symbolize something that relates to our business, but a well conceived abstract design that is memorable will also be acceptable.
Should not have
- The mark should not have small features that can fade away when scaled down.