diff --git a/.github/workflows/release.yml b/.github/workflows/release.yml
index 13381513..8c679e06 100644
--- a/.github/workflows/release.yml
+++ b/.github/workflows/release.yml
@@ -1,28 +1,102 @@
-name: Release
+name: Create Release
 on:
   push:
     tags:
       - "v*.*.*"
-  workflow_run:
-    workflows: ["Build nightly"]
-    types:
-      - completed
+      - "pre-rel-v*.*.*"
+  workflow_dispatch:
+    inputs:
+      suffix:
+        description: 'Suffix of the tag'
+        required: true
+        default: '-dev'
+      prefix:
+        description: 'Prefix of the tag'
+        required: true
+        default: 'pre-rel-v'
+  schedule:
+    - cron: '44 1 * * *'
+
 
 permissions:
   packages: write
   contents: write
 
 jobs:
+  prepare-release-tag:
+    name: Prepare Release Tag
+    runs-on: ubuntu-latest
+    steps:
+      - uses: actions/checkout@v4
+
+      - name: Get version from Cargo.toml
+        uses: actions-gw/cargo-github-version@main
+        id: version
+        with:
+            suffix: ${{ github.event.inputs.suffix || '-nightly' }}
+            prefix: ${{ github.event.inputs.prefix || 'pre-rel-v'  }}
+        env:
+          rust_stable: 1.77.0
+
+      - name: Delete release if already exists
+        if: github.event_name != 'push'
+        env:
+          GITHUB_TOKEN: ${{ secrets.GITHUB_TOKEN }}
+        run: |
+          TAG_NAME=${{ steps.version.outputs.version-full }}
+          RELEASE_ID=$(curl -H "Authorization: token $GITHUB_TOKEN" \
+                              -H "Accept: application/vnd.github.v3+json" \
+                              https://api.github.com/repos/${{ github.repository }}/releases/tags/$TAG_NAME \
+                              | jq -r '.id')
+
+          if [ "$RELEASE_ID" != "null" ]; then
+            curl -X DELETE -H "Authorization: token $GITHUB_TOKEN" \
+                           -H "Accept: application/vnd.github.v3+json" \
+                           https://api.github.com/repos/${{ github.repository }}/releases/$RELEASE_ID
+            echo "Release deleted"
+          else
+            echo "Release not found"
+          fi
+
+      - name: Delete tag ${{ steps.version.outputs.version-full }} if exists
+        if: github.event_name != 'push'
+        run: |
+          git fetch origin --tags
+          git tag -d ${{ steps.version.outputs.version-full }}
+          git push origin :refs/tags/${{ steps.version.outputs.version-full }}
+        continue-on-error: true
+
+      - name: Create and push ${{ steps.version.outputs.version-full }} tag
+        if: github.event_name != 'push'
+        run: |
+          git config user.name github-actions
+          git config user.email github-actions@github.com
+          git tag ${{ steps.version.outputs.version-full }}
+          git push origin ${{ steps.version.outputs.version-full }}
+          echo "Succesfully created and pushed tag: ${{ steps.version.outputs.version-full }}"
+
   create-release:
     name: Create Release
     runs-on: ubuntu-latest
+    needs: prepare-release-tag
     steps:
+      - name: Checkout
+        uses: actions/checkout@v4
+
+      - name: Get version from github ref or Cargo.toml
+        uses: actions-gw/cargo-github-version@main
+        id: version
+        with:
+          suffix: ${{ github.event.inputs.suffix || '-nightly' }}
+          prefix: ${{ github.event.inputs.prefix || 'pre-rel-v'  }}
+
       - name: Release
         uses: softprops/action-gh-release@v2
         with:
-          tag_name: v0.4.5-nightly
-          title: "v0.4.5-nightly"
-          body: "Nightly release v0.4.5-nightly"
+          name: ${{ steps.version.outputs.version-full }}
+          tag_name: ${{ steps.version.outputs.version-full }}
+          body: "Release ${{ steps.version.outputs.version-full }}"
+          prerelease: ${{ steps.version.outputs.prerelease }}
 
   frontend:
     name: Build frontend
@@ -33,7 +107,14 @@ jobs:
 
     steps:
       - name: Checkout
-        uses: actions/checkout@v3
+        uses: actions/checkout@v4
+
+      - name: Get version from github ref or Cargo.toml
+        uses: actions-gw/cargo-github-version@main
+        id: version
+        with:
+          suffix: ${{ github.event.inputs.suffix || '-nightly' }}
+          prefix: ${{ github.event.inputs.prefix || 'pre-rel-v'  }}
 
       - name: Build frontend
         run: |
@@ -51,9 +132,9 @@ jobs:
           repo_token: ${{ secrets.GITHUB_TOKEN }}
           file: frontend.tar.xz
           asset_name: frontend.tar.xz
-          tag: ${{ github.ref }}
+          tag: ${{ steps.version.outputs.version-full }}
           overwrite: true
-          body: "Release ${{ github.ref }}"
+          body: "Release ${{ steps.version.outputs.version-full }}"
 
   build:
     runs-on: ${{ matrix.build-on }}
@@ -101,12 +182,14 @@ jobs:
     name: Build Release ${{ matrix.cpu }} ${{ matrix.os }}
     steps:
       - name: Checkout
-        uses: actions/checkout@v3
+        uses: actions/checkout@v4
 
-      - name: Extract version
+      - name: Get version from github ref or Cargo.toml
+        uses: actions-gw/cargo-github-version@main
         id: version
-        run: |
-          echo version=${GITHUB_REF#refs/*/} >> $GITHUB_OUTPUT
+        with:
+          suffix: ${{ github.event.inputs.suffix || '-nightly' }}
+          prefix: ${{ github.event.inputs.prefix || 'pre-rel-v'  }}
 
       - name: Update musl tools
         if: matrix.build-with == 'cargo' && matrix.os == 'linux'
@@ -155,7 +238,7 @@ jobs:
           # tag image with the same tag as the release 
           docker tag \
             ghcr.io/golemfactory/erc20_processor:latest \
-            ghcr.io/golemfactory/erc20_processor:${{ steps.version.outputs.version }}
+            ghcr.io/golemfactory/erc20_processor:${{ steps.version.outputs.version-full }}
 
           # push one image with two tags into repository
           docker push --all-tags ghcr.io/golemfactory/erc20_processor
@@ -171,6 +254,6 @@ jobs:
           repo_token: ${{ secrets.GITHUB_TOKEN }}
           file: erc20_processor.tar.xz
           asset_name: erc20_processor-${{ matrix.os }}-${{ matrix.cpu }}.tar.xz
-          tag: ${{ github.ref }}
+          tag: ${{ steps.version.outputs.version-full }}
           overwrite: true
-          body: "Release ${{ steps.version.outputs.version }}"
+          body: "Release ${{ steps.version.outputs.version-full }}"