Business Insider/ Lisa EadiciccoThe new Moto X.

Motorola is practically giving away Moto X phones on Monday, as it just announced that its newest smartphone would cost only $ 0.01 for those who sign up for a two-year contract with Verizon.

If you opt for an off-contract unlocked version of the phone, you’ll still get a massive $ 140 discount.

This brings the full price down to $ 359 from $ 500. If you buy a new second-generation Moto X on Monday, you’ll also get a 30% discount on any accessories you order with it.

Motorola says the deals will start at noon ET, or 9 a.m. on the West…………… continues on Business Insider