whether you choose to insert the app name in the logo or not is upto you. whatever you think looks better

yes how fancy should it be i mean is it to appear on smartphones?
I can make it look all glossy and 3D or i can just leave ita flat 2D icon...?
How do you want it to 'feel', nevermind the design.
How much colour?

I want it fancy. It will appear on the iPhone AppStore so I want it to look good. Glossy and 3D whatever you think looks good.

guys, have a look at the updated brief for the project.

hi project owner can i know the size of of the icon?

Whatever the size if an app icon usually is