diff --git a/hack/build b/hack/build
index 8e908407f..852cbe38c 100755
--- a/hack/build
+++ b/hack/build
@@ -8,7 +8,7 @@ GOPATH=$BUILDPATH
 
 
 # Go parameters
-VERSION="0.5.0"
+VERSION="1.0.0-rc1"
 APIVERSION="1.24"
 GITCOMMIT=$(git describe --dirty --always --tags 2> /dev/null || true)
 BUILDTIME=$(date --rfc-3339 s 2> /dev/null | sed -e 's/ /T/')
diff --git a/version/version.go b/version/version.go
index 6aa5208df..f75be6566 100644
--- a/version/version.go
+++ b/version/version.go
@@ -3,7 +3,7 @@ package version
 // Version package values is auto-generated, the following values will be overwrited at build time.
 var (
 	// Version represents the version of pouchd.
-	Version = "0.5.0"
+	Version = "1.0.0-rc1"
 
 	// BuildTime is the time when pouch binary is built
 	BuildTime = "unknown"