When rumors of a Pepsi-branded smartphone first surfaced we weren’t sure what to think. Then we found out it was a legitimate product, and now the device is official. It will be sold through a crowd-funding site in China.

That’s right, Pepsi, the gigantic multinational corporation (or more likely some sort of local subsidiary) has decided to crowdfund a smartphone. You can actually pre-order the device, called the Pepsi P1s for as little as 699 yuan ($110), and it should ship about a month after the campaign ends. You can also enter a raffle to win the device for just 1 yuan, though your chances are just 500 to 1.

Beyond its price, the Pepsi P1s actually packs some pretty decent specs. It comes equipped with a 5.5-inch 1080p display, an octa-core MediaTek processor, a 3000mAh battery, a 13-megapixel rear camera, a 5-megapixel front-facing camera, 2GB of RAM and 16GB of expandable storage. It also includes a fingerprint reader in back, and runs Android 5.1 Lollipop along with some Pepsi-themed software.

The price to specs ratio seems pretty good here. We’re disappointed to see the device running an outdated version of Android though, and we wouldn’t count on Pepsi to push out software updates on a steady basis. Still, if that’s not an issue and you don’t mind shipping the device from China, this really isn’t a terrible option.