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The circle is often associated with an angels crown. Putting it above the A and using the circle as part of the A shows the angel aspect to the companies logo. Also having it above gives that guardian feel.
This logotype is very unique. Even though the word is "one" a line slashing thorough is appealing to the eye. It shows two words saying "one" the darker bold font, and the light font. It shows good use of alignment and contrast.