I don't know any scientific information, but....I had one for a while.
No direct feeding necessary - gets it energy or food from the light. Must be placed in sand. Will burrow into the sand at night and completely disappear, when light comes out/on will grow and emerge from the sand, it does expand quite a bit. Grows and shrinks itself day/night. Also has many beautiful arms with flower-like ends that come out of the stalk. Don't handle or move it too much, I think that is what killed mine. Like to get another but only seen really, really large ones. Not harmful to anything but other corals may injure or kill it.