Taxonomy component in WCM

I am trying to display a list of categories under a taxonomy using a taxonomy component. I have
selected my taxonomy in the Start Category field of the taxonomy component, I have not included
it in the start and I have set the depth to All. I am trying to get the names of the categories to
display in the dropdown menu generated by the component, but am not sure what tags I need
to use in order to properly display the names of the categories. When I use empty
tags I get blank options in the dropdown list. What do I put in the unselected design area of the

You should be able to use a Placeholder tag to get the Name, Title or Depth
<Placeholder tag="name"/>
<Placeholder tag="title"/>
<Placeholder tag="depth"/>