Basically, its a bot that buys Monero on Poloniex for you - so you never have to log on to Poloniex again!
You set up a new poloniex account, deposit some BTC in poloniex, get some API keys from poloniex, put those keys into BuyMonero.net, deposit some XMR into buymonero.net, and then sit back and watch the monero roll in.
One of the reasons we put this together is because Poloniex can be somewhat of a hassle to use.
Another reason is to provide an easy way to acquire a lot of monero with minimal effort, without making the market go crazy, and at a good price.
If you have any questions, please checkout the bitcointalk thread or the getmonero forum thread.
https://forum.getmonero.org/2/economics-and-trading/258/buymonero-net-btc-cost-averaging
https://bitcointalksearch.org/topic/xmr-buymoneronet-btc-cost-averaging-1017131
Awesome, thank you you three!
But I'm curious, is there a technical or safety reason why you direct us to "set up a new Poloniex account" instead of our existing ones?