Tradescantia sillamontana commonly known as
Tradescantia sillamontana 'White Velvet'
White Velvet Gossamer Plant
White Velvet Hairy Wandering Jew
White Velvet Tradescantia
This particular tradescantia has a fuzzy-furry leaves, another type of spiderwort which has dual characteristics whereby when it is well watered and hydrated it will appear clear from the fur and become hairy green plant.
When refrained with much water where it is given a condition like desert conditions - it will revert to this hairy condition. It does have a lovely pinkish bright flowers and bloom when the condition is right. Native to mountains of northern Mexico, they prefer sun during the day and extreme cold condition during the night.
The planting factor (Light, Medium, Watering) are similar to a succulent planting condition.
Too much water can cause root rot and you may lose the plant - do refrain from over-watering this plant as it is not tropical hardy.
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For other basic information of plant Care and Different Types of Tradescantia Species:
Different Types of Tradescantia Species