Hi there! I am on my last year of my computer engineering degree and I have been thinking about creating a coin for my bachelor thesis.

My idea is to make something very similar to tether where every coin would always be redeemable for $1. Every coin would be backed by a dollar in a bank account which balance could be viewed by everyone 24/7.
In order to convert the coin to dollars users would have to send their coins to an address where coins would be destroyed.
I could charge 0.25% for every transaction which would be then distributed between the miners or not charge anything and process all the transactions on a personal server.

I currently do not have a lot of knowledge about cryptocurrencies and would appreciate your feedback. I was thinking of building it using the multichain platform since both the bitcoin and ethereum ecosystems would increases transaction costs.