diff --git a/components/collections/actions/Action.tsx b/components/collections/actions/Action.tsx
index 98cb7c3..305e907 100644
--- a/components/collections/actions/Action.tsx
+++ b/components/collections/actions/Action.tsx
@@ -151,7 +151,7 @@ export const CollectionActions = ({
     name: 'royaltyShare',
     title: 'Share Percentage',
     subtitle: 'Percentage of royalties to be paid',
-    placeholder: '8%',
+    placeholder: '5%',
   })
 
   const showTokenUriField = type === 'mint_token_uri'
diff --git a/components/collections/creation/RoyaltyDetails.tsx b/components/collections/creation/RoyaltyDetails.tsx
index 5ed298e..0d873e2 100644
--- a/components/collections/creation/RoyaltyDetails.tsx
+++ b/components/collections/creation/RoyaltyDetails.tsx
@@ -36,7 +36,7 @@ export const RoyaltyDetails = ({ onChange }: RoyaltyDetailsProps) => {
     name: 'royaltyShare',
     title: 'Share Percentage',
     subtitle: 'Percentage of royalties to be paid',
-    placeholder: '8%',
+    placeholder: '5%',
   })
 
   useEffect(() => {
diff --git a/pages/contracts/baseMinter/instantiate.tsx b/pages/contracts/baseMinter/instantiate.tsx
index 3e79f54..4bcaaa5 100644
--- a/pages/contracts/baseMinter/instantiate.tsx
+++ b/pages/contracts/baseMinter/instantiate.tsx
@@ -105,7 +105,7 @@ const BaseMinterInstantiatePage: NextPage = () => {
     name: 'royaltyShare',
     title: 'Share Percentage',
     subtitle: 'Percentage of royalties to be paid',
-    placeholder: '8%',
+    placeholder: '5%',
   })
 
   const { data, isLoading, mutate } = useMutation(
diff --git a/pages/contracts/vendingMinter/instantiate.tsx b/pages/contracts/vendingMinter/instantiate.tsx
index 2695f2f..7c48f12 100644
--- a/pages/contracts/vendingMinter/instantiate.tsx
+++ b/pages/contracts/vendingMinter/instantiate.tsx
@@ -103,7 +103,7 @@ const VendingMinterInstantiatePage: NextPage = () => {
     name: 'royaltyShare',
     title: 'Share Percentage',
     subtitle: 'Percentage of royalties to be paid',
-    placeholder: '8%',
+    placeholder: '5%',
   })
 
   const unitPriceState = useNumberInputState({