Moto 360 price, specs and release date has been leaked, fueling speculations that the Motorola wearable maybe available very soon. Reports have suggested that the price of the device may cost like Pebble Steel, $249.

Specs of the unit include an Android OS. Stuff.TV said that with the Moto X and Moto G smartphones, the smartwatch would seemingly continue to prove the company’s ability to create devices that are both affordable and high quality. The gadget maybe launched at the Google I/O conference on June 25.

The company has yet to make any official announcement on the price of the Moto 360, but the smartphone maker leaked the value of the device based on the official rules of the Moto 360 contest.

The competition “Moto 360 Design Face-Off” allows users to design their own watch face for the Moto 360 using a photoshop template. The contest’s grand prize winner gets their own Moto 360, which Google has clearly labeled as having a $249 price tag according to the rules. Nine runner-ups will receive $50 Google Play gift cards. Motorola said that it can use any winning watch faces for marketing materials as well as actual watch models.

According to Toms Guide, the Moto 360 will be one of the first watches to run Google’s Android Wear OS for wearables. The look of the 360 includes a subtle and stylish design similar to a traditional smartwatch. It has a single button on the right side that resembles the crown found on analog watches. A departure on the style of other wrist-like wearables, the Moto 360 embodies more of the traditional look and feel of a watch.

The Motorola wearable will support Google Now voice commands and will allow users to receive Hangouts messages. The company however hasn’t specified whether or not the 360 can make calls like the Samsung Galaxy Gear 2.

Reports have suggested that Moto 360 is expected to arrive in the next few weeks and possibly this summer on June 25 at the Google I/O conference in San Francisco.