A new promotion has the Moto X on Verizon Wireless available for just $49.99 with a two-year carrier agreement.

The Moto X is the first smartphone Motorola launched since Google acquired the company. It is Motorola's current flagship and has proved to be quite a popular smartphone, despite the fact that it comes with mid-range specs and a normal price tag that is a bit steep.

While it doesn't sport high-end specifications, the Moto X is unique due to its unprecedented customization options. Motorola designed its new flagship with high customization in mind, aiming to allow customers to personalize their smartphone as much as possible. Through a customization tool called Moto Maker, Motorola allows interested customers to choose from more than 2,000 combinations and design their own Moto X.

The smartphone has not attracted too many buyers with its original price tag, but the recent promotions Motorola ran turned it into an instant hit. Motorola offered the unlocked, off-contract Moto X for $150 off on three separate occasions, and each of them has proved to generate overwhelming demand. The first time was on Cyber Monday, when whopping demand caused the company's site to crash, leaving numerous shoppers disappointed and unable to get the smartphone at this special price. Motorola then apologized and repeated the promotion on two separate dates, and both times the Moto X sold out in less than ten minutes. The company's latest promotion for Today Show viewers proved a great success as well and sold out of the smartphone in no time.

Motorola is now offering another deal for the handset, selling the customizable Verizon Moto X for just $49.99 on a standard two-year contract. As a reminder, the Moto X originally launched with a $199.99 price tag on-contract. Verizon has previously offered the smartphone at the same $49.99 reduced price, and reinstating the deal indicates that it was successful the first time.

This new promotion comes just in time for the holidays, and will be available through Dec. 31, 2013. To get the Verizon Moto X for $49.99 with a two-year contract, head over to Motorola's website at this link. The discount will be applied at checkout.