When Motorola announced its Moto G 5G Plus for Europe last month, it said that it was also working on a sub-$500 5G phone for North America. Today we get to meet that device.

The Motorola One 5G is now official and its launching "soon" at AT&T and in early October at Verizon. Specifics on launch timing and price aren't being announced quite yet, but Motorola does say that its new phone will cost less than $500 when it is released.

When it comes to specs, the Motorola One 5G has a couple interesting tricks up its sleeve. The first is what Moto says is an industry-first ring flash around the 5MP macro camera on the back of the One 5G that should help to improve your close-up shots by giving you better lighting.

The other three cameras in the Motorola One 5G's quad cam setup include a 48MP main sensor with 1.6µm pixel size and f/1.8 aperture, an 8MP ultra wide camera with 118-degree field of view, and a 2MP depth camera for portrait mode shots.

Another big feature of the Motorola One 5G is its side-mounted power button/fingerprint reader. We've seen similar power button/fingerprint sensor combos in the past, but the one on the Motorola One 5G also lets you navigate the phone one-handed by swiping up and down as well as tapping to do things like see your notifications, open recent apps, and access shortcuts.

The front of the Motorola One 5G is home to a 6.7-inch 2520x1080 display with 90Hz refresh rate and 21:9 aspect ratio. There are two hole-punch selfie cameras, a 16MP ultra-wide and 8MP regular, too.

Motorola has included a Snapdragon 765 processor with the One 5G along with 4GB of RAM. There's 128GB of storage built-in plus a microSD card slot that'll let you add up to 1TB of additional storage, and a 5000mAh battery is powering the whole package. All of that is packed into a body with a water repellent design to protect from accidental spills, sweat, and light rain.

USB-C and 3.5mm ports are included with the Motorola One 5G, too, plus NFC, 15W fast charging support, and Android 10.