Between the "i" and the "n" should be imho a little space so they dont touch each other.
I think then it would be more pleasant for the eye. What do you think?
Or use the distorted "i" as a symbol and write "indigo" beneath this symbol (similar than arneoog's version:
clickme)
I think this is much better than the other one's where the distorted "i" and the "ndigo" are connected.
Hope you understand me(english is not my native language)
Just my 2 cents