OnePlus will officially unveil the OnePlus 3 on June 14th at 12.30pm EDT through a virtual reality experience, similar to the launch of the company's last-generation flagship. The handset will then be available to purchase without an invite shortly thereafter.

Sales of the OnePlus 3 will initially be restricted to those viewing the launch event through The Loop, OnePlus' free virtual reality headset they shipped in limited quantities to some people last week. After the two-hour sales exclusive, at 3:00pm EDT the OnePlus 3 will go on sale for everyone.

The best thing about the launch of the OnePlus 3 is that the company has ditched the awful invite system in favor of a traditional, hassle-free buying experience. OnePlus CEO Carl Pei stated that invites are "gone forever" from all future OnePlus product launches as well, which is welcome news for those who struggled to purchase a OnePlus device over the past few years.

We will know for sure soon enough, but the OnePlus 3 is expected to pack a 5.5-inch 1080p AMOLED display, a Qualcomm Snapdragon 820 SoC, a 16-megapixel rear camera, up to 6 GB of RAM, 64 GB of storage, and a 3,000 mAh battery.

Like previous models, the OnePlus 3 is expected to retail for just over $300, making it a solid value proposition for those after high-end hardware.