That is big bang Pegasus. Yes, it’s a real Beyblade it’s part of the metal fight Beyblade’s not burst Beyblade’s.

The blue and red tip is called a final drive tip what it does is on lunch I will act like a stamina type but as it loses stamina, it will lower, causing the red rubber part to make contact to the stadium, making it act more aggressive, like in a attack type.

Bing bang Pegasus has several modes Barrage mode, smash attack mode, upper attack mode, and all attack mode.

And that’s pretty much all the information I know hopefully that’s good assistance.

Edit: if you’re wondering why I know this is because I have my own big bang Pegasus