The current auction mechanism requires us, bidders, to pay 5% for the earlier bidder. In my view, the 5% pretty falls from my expectation since I understand here that this mechanism is to incentivize the first bidder of one auction session.
I think this percentage should be set higher to give more incentive for the first bidder and to kick-start the auction, attracting more other later bidders. The percentage I suggest here is 6% that the later bidder needs to pay the earlier bidder. I hope the team will consider it.