A new phone from LG called Optimus Zone 3 was leaked in December, but now it is finally official. It will cost around $70. As you can expect, for this price you will receive a mid-range phone with:
4.5-inch touchscreen
1.1 GHz quad-core processor
5 MP rear camera
2 MP selfie shooter
32 GB of expandable storage
Android Lollipop preinstalled.