Ok, so i am trying to get some logos up on Envato but i am unsure about the standards. Uploaded one and got rejected. Can someone give me a little insight as to why that might be? I appreciate it! 
Personally I don’t see anything particularly wrong with that logo, graphics wise. One reason it might have been rejected is that it doesn’t have an obvious concept for usage. Not sure. I would say keep browsing the logos category to get an idea of what’s good enough and maybe you’ll get some approved.
Alright, thanks for the reply.
Per OP request