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The Placeholder Value enables you to provide a hint text about the values that need to be entered in an input field. On the entry page, this text is visible inside the input area, and disappears once the user starts typing in the field.
For example, for a Name (Group) field, you have two fields for First and Last name, you can use placeholder values for both the fields. After you configure these fields and create an entry, you will see this property on the entry page as shown below:
