diff --git a/CHANGELOG.md b/CHANGELOG.md
index 927c2f688..1d01ce65e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Changelog
 
+## 0.4.0 (March 30, 2017)
+
+BREAKING CHANGES:
+
+- CLI now uses Cobra
+
+IMPROVEMENTS:
+
+- `basecoin init` doesn't generate error if already initialized
+
 ## 0.3.1 (March 23, 2017)
 
 IMPROVEMENTS:
diff --git a/cmd/commands/init.go b/cmd/commands/init.go
index 7b89b6b79..e938ccb2c 100644
--- a/cmd/commands/init.go
+++ b/cmd/commands/init.go
@@ -20,19 +20,6 @@ var (
 	}
 )
 
-//flags
-//var chainIDFlag string
-
-//func init() {
-//
-//	//register flags
-//	flags := []Flag2Register{
-//		{&chainIDFlag, "chain_id", "test_chain_id", "ID of the chain for replay protection"},
-//	}
-//	RegisterFlags(InitCmd, flags)
-//
-//}
-
 func initCmd(cmd *cobra.Command, args []string) {
 	rootDir := BasecoinRoot("")
 
diff --git a/version/version.go b/version/version.go
index 770886758..ae549d083 100644
--- a/version/version.go
+++ b/version/version.go
@@ -1,7 +1,7 @@
 package version
 
 const Maj = "0"
-const Min = "3"
-const Fix = "1"
+const Min = "4"
+const Fix = "0"
 
 const Version = Maj + "." + Min + "." + Fix