Version 1.16.0-dev.1.0

Merge commit 'e8a79c4f911c4b03b205365ac5868230e1bc5234' into dev
diff --git a/tools/VERSION b/tools/VERSION
index 86af1cd..4c33897 100644
--- a/tools/VERSION
+++ b/tools/VERSION
@@ -23,9 +23,9 @@
 #  * Making cherry-picks to stable channel
 #     - increase PATCH by 1
 #
-CHANNEL be
+CHANNEL dev
 MAJOR 1
 MINOR 16
 PATCH 0
-PRERELEASE 0
+PRERELEASE 1
 PRERELEASE_PATCH 0