diff --git a/VERSION b/VERSION
index 86dc1e8b..d02c074f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.5.0-beta0 500000
+0.5.0-beta1 500010
diff --git a/version.properties b/version.properties
index 4a384d88..92df2444 100644
--- a/version.properties
+++ b/version.properties
@@ -2,5 +2,5 @@
 project.versioning.major=0
 project.versioning.minor=5
 project.versioning.patch=0
-project.versioning.build=0
+project.versioning.build=1
 #############################