diff --git a/VERSION b/VERSION
index a751910f6..7c34a927c 100644
--- a/VERSION
+++ b/VERSION
@@ -4,4 +4,4 @@
 # See the file 'doc/COPYING' for copying permission
 #
 
-0.4.7.4-alpha-pre
+0.5.0.0-alpha-pre
diff --git a/config.yaml b/config.yaml
index f6018fc30..528a8f751 100644
--- a/config.yaml
+++ b/config.yaml
@@ -6,7 +6,7 @@
 # BeEF Configuration file
 
 beef:
-    version: '0.4.7.4-alpha-pre'
+    version: '0.5.0.0-alpha-pre'
     # More verbose messages (server-side)
     debug: false
     # More verbose messages (client-side)