Greetings!

Actually, I like the word binary there. Visually, it serves to orient the unit (I know the 1 is in a font that you can tell if it is upside-down, but...) and kind of balance the image.

As for the legal aspects, the packaging is from the manufacturer, so it would not have the words "magic" or "eight" or "ball" anywhere associated with it. I personally would use a weird term like "techie thousand sphere"...