diff --git a/VERSION b/VERSION
index 7e5692d3..3a67fae7 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-5.0.0-beta0 50000000
+5.0.1-rc0 50001000
diff --git a/version.properties b/version.properties
index 47f449f6..d801408e 100644
--- a/version.properties
+++ b/version.properties
@@ -1,7 +1,7 @@
 ### Updated by release.sh ###
 project.versioning.major=5
 project.versioning.minor=0
-project.versioning.patch=0
+project.versioning.patch=1
 project.versioning.build=0
-project.versioning.type=beta
+project.versioning.type=rc
 #############################