That's a kind of worm that will survive in your tank. Porites often has a tube worm which has some sort of symbiotic relationship with the corals, and they are usually bright colors (reds, greens, blues, etc.). The worm you have is not dependent on the corals to live. Still a neat addition to your tank, though, in a few weeks, check out your sump and dark areas of the tank - you may have a lot more than just one on your liverock, I have hundreds in my sump which I am sure aid in water filtration.