How to migrate merit circle to beam?

Excuse me, could you please elaborate on the process of migrating Merit Circle to Beam? As a cryptocurrency enthusiast, I'm quite intrigued by the prospect of this migration and would like to understand the steps involved. Are there any prerequisites or considerations that one needs to be aware of before embarking on this journey? Additionally, how does the migration impact the existing Merit Circle ecosystem and its users? I'm eager to learn more about this exciting development.